Fiverr International (NYSE:FVRR) Issues Earnings Results

Key Points

• Fiverr beat third-quarter expectations, reporting adjusted EPS of $0.43 versus the $0.29 consensus and revenue of $90.9 million versus $83.8 million expected. Management raised fiscal 2026 revenue guidance to $374–$380 million and adjusted EBITDA guidance to $61–$65 million.
• The company’s performance remains mixed: services revenue increased 3.4% year over year, but marketplace revenue fell 24.7%, active buyers declined 25.8%, and total quarterly revenue was down 15.8% year over year.
• Fiverr is pursuing an AI-led transformation through tools such as Mira and Knowledge Graph, while warning that continued traffic and demand weakness could pressure adjusted EBITDA margins. Analysts remain cautious, with the stock carrying a consensus “Reduce” rating and an $11.44 price target.

Fiverr International (NYSE:FVRR - Get Free Report) announced its earnings results on Thursday. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.14, reports. Fiverr International had a net margin of 7.18% and a return on equity of 16.14%. The company had revenue of $90.90 million for the quarter, compared to analysts' expectations of $83.78 million. During the same quarter in the previous year, the company posted $0.15 EPS. The firm's quarterly revenue was down 15.8% on a year-over-year basis.

Here are the key takeaways from Fiverr International's conference call:

• Q3 results exceeded guidance, with revenue of $90.9 million and adjusted EBITDA of approximately $14.5 million, or a 16% margin. Management raised full-year 2026 revenue guidance to $374–$380 million and adjusted EBITDA guidance to $61–$65 million.
• Services revenue rose 3.4% year over year to $35.5 million, driven by strong performance from AutoDS and e-commerce initiatives. A major campaign launched in late August is expected to continue supporting results in Q4.
• The marketplace remained under significant pressure, with revenue down 24.7% year over year, active buyers down 25.8% on a trailing-twelve-month basis, and ongoing declines in search-driven traffic. Management expects marketplace traffic deterioration to continue through Q4 and into 2027.
• Fiverr is investing in an AI-led transformation, including its Mira headhunter, Knowledge Graph, and integrations with ChatGPT and Claude; AI-sourced GMV from first-time buyers increased approximately 64% sequentially. Early Mira users show higher order values and lower cancellations, but management said the timing and scale of broader acquisition benefits remain difficult to forecast.
• Despite expected year-over-year operating expense reductions in 2027, management warned that continued traffic and demand headwinds are likely to create downward pressure on adjusted EBITDA margin. The company also said M&A is not currently a priority as it focuses capital on the transformation.

Fiverr International Price Performance

Shares of FVRR stock traded up $0.97 during trading hours on Thursday, hitting $9.05. The company had a trading volume of 3,045,583 shares, compared to its average volume of 712,201. The stock has a market capitalization of $325.31 million, a PE ratio of 4.59 and a beta of 1.51. The company's fifty day moving average is $8.81 and its 200 day moving average is $10.78. Fiverr International has a fifty-two week low of $8.01 and a fifty-two week high of $22.86.

More Fiverr International News

Here are the key news stories impacting Fiverr International this week:

• Positive Sentiment: Fiverr reported third-quarter adjusted earnings of $0.43 per share, above analyst estimates ranging from $0.29 to $0.36, while revenue of $90.9 million exceeded the roughly $83.8 million consensus. Fiverr International Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its fiscal 2026 outlook, providing a catalyst for the stock despite the quarter’s mixed operating trends. Fiverr Q3 Earnings Drop, Raises FY26 Outlook
• Positive Sentiment: Higher-value work is gaining traction: projects worth at least $1,000 represented 16% of completed-project gross order value on a trailing 12-month basis. Fiverr is also investing in AI tools, including its Knowledge Graph and Mira AI headhunter, to improve talent matching, project scoping and conversion. Fiverr Announces Third Quarter 2026 Results
• Neutral Sentiment: The company maintained a strong cash position, and one investor commentary argues that the stock trades near or below the value of its cash reserves, potentially limiting downside; however, this is an opinion rather than a new corporate development. Investor Changes View on Fiverr Stock
• Negative Sentiment: Revenue declined 15.8% year over year, and quarterly earnings fell from $0.77 per share a year earlier. Reports also highlighted a deeper decline in buyers, raising concerns about customer demand and the pace of Fiverr’s AI-driven transition. Fiverr Q3 2026 Big Beat but Buyer Exodus Deepens the Worry

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FVRR. Scotiabank cut shares of Fiverr International from a "sector outperform" rating to a "sector perform" rating and set a $10.00 price objective for the company. in a research note on Thursday, July 30th. Oppenheimer downgraded Fiverr International from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 30th. Citigroup decreased their price target on Fiverr International from $15.00 to $11.50 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Weiss Ratings upgraded Fiverr International from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, October 15th. Finally, The Goldman Sachs Group cut their price objective on Fiverr International from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday. Eleven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Fiverr International has an average rating of "Reduce" and a consensus price target of $11.44.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individual customers with freelancers offering digital services. The platform covers categories such as graphic design, digital marketing, writing and translation, video and animation, programming and technology, music and audio, business services, and consulting.

Fiverr's marketplace is designed to support transactions between buyers and sellers, including service discovery, communication, payments, and delivery.

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