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01/11 03:17
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Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The company presented strong financial performance with 15% YoY revenue growth and improved margins. Positive guidance for revenue and EBITDA indicates optimism. The stock repurchase program reflects confidence in long-term prospects. However, stable demand without inflection and competitive pressures pose risks. The Q&A highlighted satisfaction with Fiverr Go and growth in services revenue, although some answers lacked clarity. Overall, the combination of financial strength, positive guidance, and shareholder returns supports a positive sentiment, likely leading to a stock price increase of 2% to 8% over the next two weeks.
Revenue $107.2 million, up 15% year-over-year, reflecting strong execution across market base and services segments.
Adjusted EBITDA $19.4 million, representing an Adjusted EBITDA margin of 18%, an improvement of 100 basis points from a year earlier.
Free Cash Flow $27.4 million, up 31.6% year-over-year, indicating strong cash generation and disciplined capital allocation.
Marketplace Revenue $77.7 million, driven by 3.5 million active buyers and $309 of spend per buyer, with a take rate of 27.7%.
Services Revenue $29.5 million, representing year-over-year growth of 94%, driven by strength in Fiverr Ads, Seller Plus, and AutoDS.
Fiverr Pro: Fiverr Pro continues to see good wins, providing clients access to a premium marketplace with high-quality vetted supply and project management services.
Fiverr Go: Fiverr Go shows strong engagement with over 6,000 sellers activated and 200,000 buyers interacting, leading to significant conversion improvements.
Market Expansion: Fiverr is focusing on going upmarket and expanding value-added services as key growth catalysts.
Revenue Growth: Q1 revenue was $107.2 million, up 15% year-over-year, with strong performance across Marketplace and Services segments.
Free Cash Flow: Free cash flow totaled $27.4 million, up 31.6% year-over-year.
Strategic Priorities: Fiverr's strategic priorities include strengthening the marketplace, expanding value-added services, and investing in AI for long-term growth.
Competitive Pressures: The company acknowledges that while the overall demand for freelancing has been stable, they have not seen a real inflection in the freelancing demand environment, indicating potential competitive pressures in the market.
Regulatory Issues: There were no specific regulatory issues mentioned, but the company noted that they have no direct exposure to tariffs, which could be a risk factor in other contexts.
Supply Chain Challenges: No direct supply chain challenges were discussed, but the company emphasized the importance of their agile and efficient go-to-market strategy to capitalize on opportunities.
Economic Factors: The macro environment is described as dynamic, with the company expressing confidence in their value proposition amidst evolving economic conditions, suggesting potential economic risks.
Market Demand: The company has not observed a significant change in the freelancing demand environment, which could pose a risk to future growth.
Strategic Priorities: The three strategic priorities for 2025 are: strengthening the marketplace by going upmarket, expanding value-added services as a key growth catalyst, and investing in AI to drive long-term upside.
Fiverr Pro: Continued investment in Fiverr Pro as a Business Solutions suite, offering premium marketplace access, dynamic matching, project management, and customer success management.
Fiverr Go: Strong engagement and conversion improvements observed with Fiverr Go, with over 6,000 sellers activated and 200,000 buyers interacting.
Enterprise Deals: Closed large deals in the range of hundreds of thousands of dollars, showcasing the effectiveness of Fiverr's enterprise go-to-market strategy.
Full Year 2025 Revenue Guidance: Expected revenue range of $425 million to $438 million, representing year-over-year growth of 9% to 12%.
Full Year 2025 Adjusted EBITDA Guidance: Expected Adjusted EBITDA range of $84 million to $90 million, with a margin of 20% at the midpoint.
Q2 2025 Revenue Guidance: Expected revenue range of $105 million to $109 million, representing year-over-year growth of 11% to 15%.
Q2 2025 Adjusted EBITDA Guidance: Expected Adjusted EBITDA range of $20 million to $22 million, with a margin of 20% at the midpoint.
Long-term Targets: Targeting 25% Adjusted EBITDA margin by 2027 and 14% CAGR in free cash generation for the three years ending in 2027.
Stock Repurchase Program: The Board authorized an additional $100 million for the stock repurchase program, reflecting strong confidence in long-term business opportunities and commitment to shareholder value.
The earnings call highlights robust growth in services revenue, a strong performance in the Programming and Tech vertical, and strategic AI-driven initiatives. Despite flat GMV trends, the company's focus on larger projects and AI integration is promising. The management's confidence in AI driving future growth, alongside a significant increase in spend per buyer, suggests optimism. However, the wide guidance range due to macroeconomic conditions tempers expectations slightly. Overall, the positive aspects outweigh the negatives, projecting a positive stock price movement.
The earnings call summary indicates strong financial performance, with growth in both Marketplace and Services segments, particularly in AI-related services. The improved EBITDA margin and free cash flow are positive signs. The Q&A section reveals optimism about future growth through AI and upmarket strategies, despite some uncertainties. The guidance for revenue and EBITDA growth is also positive, suggesting confidence in achieving targets. Overall, the strong financial metrics, optimistic guidance, and strategic focus on AI and upmarket efforts suggest a positive stock price reaction.
The company presented strong financial performance with 15% YoY revenue growth and improved margins. Positive guidance for revenue and EBITDA indicates optimism. The stock repurchase program reflects confidence in long-term prospects. However, stable demand without inflection and competitive pressures pose risks. The Q&A highlighted satisfaction with Fiverr Go and growth in services revenue, although some answers lacked clarity. Overall, the combination of financial strength, positive guidance, and shareholder returns supports a positive sentiment, likely leading to a stock price increase of 2% to 8% over the next two weeks.
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