Fiverr Q4 Beats Forecasts On Rising Buyer Spend, But 2024 Outlook Falls Short

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Fiverr International Ltd (NYSE:FVRR) reported fourth-quarter fiscal 2023 sales growth of 10.1% year-on-year to $91.50 million, missing the analyst consensus estimate of $92.55 million. Adjusted EPS of $0.56 beat the consensus of $0.48.

Active buyers as of December 31, 2023, were 4.1 million versus 4.3 million last year, and Spend per buyer rose 6% Y/Y to $278. Take rate expanded by 160 bps to 31.8%.

The adjusted gross margin expanded 150 basis points to 84.6%, while the adjusted EBITDA margin expanded …

Full story available on Benzinga.com


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