Q2 2024 Fiverr International Ltd Earnings Call Transcript
Key Points
- Fiverr International Ltd (FVRR) reported Q2 revenue of $94.7 million, up 6% year-over-year, exceeding the midpoint of their guidance.
- Adjusted EBITDA for Q2 was $17.8 million, representing an adjusted EBITDA margin of 18.9%, near the top end of their guidance.
- The company completed a $100 million share buyback program, demonstrating strong cash flow and a robust balance sheet.
- Fiverr International Ltd (FVRR) launched a summer product release, including a profession-based catalog and time-based transactions, expanding their addressable market.
- The integration of AI tool Neo throughout the marketplace aims to enhance customer experience and drive product innovation and growth.
- Active buyers decreased by 8% year-over-year to 3.9 million, indicating a slowdown in user growth.
- Overall GMV decelerated in Q2, impacted by a slowdown in traffic starting in June.
- The company noted macroeconomic challenges, including higher inflation and interest rates, affecting small business spending and delaying large projects.
- Despite the positive impact of AI, there is ongoing volatility in larger projects and certain categories like programming and technology.
- The company expects Q3 revenue growth to be relatively muted, with improvements anticipated in Q4, indicating potential short-term challenges.
Good morning, everyone. Thank you for joining us on Fiverr earnings conference call for the second quarter that ended June 30th, 2020. For joining me on the call today are Micha Kaufman, Founder and CEO; and Ofer Katz, President and CFO.
Before we start, I'd like to remind you that during this call, we may make forward-looking statements and that these statements are based on our current expectations and assumptions as of today, and Fiverr assumes no obligation to update or revise them for a discussion of some of the important risk factors that could cause actual results to differ materially from any forward-looking statements can be found under the Risk Factors section in fibers, most recent Form 20-F and other filings with the SEC.
During this call, we'll be referring to some key performance metrics and non-GAAP financial measures, including adjusted EBITDA, adjusted EBITDA margin and free cash flow. Further explanation and a reconciliation of each of the non-GAAP financial measures to the most
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
