Fiverr Q3 revenue jumps 42% with increases in active buyers and spend per buyer

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November 10, 2021

Talent platform Fiverr International Ltd. (NYSE: FVRR) reported third-quarter revenue jumped 42.0% with growth in both the number of active buyers and spend per buyer.

The number of active buyers rose by 33% year over year to 4.1 million in the third quarter at Tel Aviv, Israel-based Fiverr. Meanwhile, the amount of spend per buyer rose by 20% to $234.

“Q3 turned out to be a very strong quarter, with revenue growing 42% y/y, above the high end of our guidance,” CEO and Director Micha Kaufman said. “All KPIs, including active buyers, spend per buyer and take rate performed really well too.”

(US$ thousands) Q3 2021 Q3 2020 % change
Revenue $74,324 $52,345 42.0%
Gross profit $61,888 $43,637 41.8%
Gross margin 83.3% 83.4%  
Net loss ($14,349) ($454) nm

The company also reported on its recent acquisitions of freelancer management system Stoke Talent this month and online learning platform CreativeLive in October.

“Both transactions will not have a material impact to our P&L in Q4, but they are highly strategic for us as we march towards our long-term vision of the future of work,” President and CFO Ofer Katz said in a conference call with analysts.


Fiverr forecast fourth-quarter revenue of between $74.5 million and $77.5 million, a year-over-year increase of between 33% and 39%.

The company also increased its forecast for full-year revenue to between $292.4 million and $295.4 million, a year-over-year increase of between 54% and 56%.

Share price and market cap

Shares in Fiverr were up 14.67% to $184.62 as of 1:12 p.m. Eastern time; they were 42.99% above their 52-week low set on Nov. 10, 2020, according to the Fiverr had a market cap of $5.88 billion.

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