Active Buyers Help Fiverr Clock 42% Revenue Growth in Q3, Raised FY21 Outlook

By Benzinga
Benzinga
Benzinga
November 10, 2021 Updated: November 10, 2021

Fiverr International Ltd. reported third-quarter FY21 revenue growth of 42 percent year-on-year to $74.3 million, beating the consensus of $71.1 million.

Active buyers increased 33 percent Y/Y to 4.1 million, Spend per buyer rose 20 percent Y/Y to $234. Take rate expanded by 140 bps to 28.4 percent.

Non-GAAP gross margin remained flat at 84.4 percent, while the adjusted EBITDA margin expanded 180 bps to 9.8 percent.

Non-GAAP EPS of $0.19 beat the consensus loss of $(0.01).

Fiverr generated $9.7 million in operating cash flow and held $553.9 million in cash and equivalents.

Outlook

Fiverr sees Q4 revenue of $74.5 million – $77.5 million, above the consensus of $72.8 million.

Fiverr raised FY21 revenue outlook from $280 million – $288 million to $292.4 million – $295.4 million, above the consensus of $287.4 million.

Price Action

FVRR shares traded higher by 13.6 percent at $182.9 in the premarket session on the last check Wednesday.

By Anusuya Lahiri 

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