Fiverr International Ltd. (FVRR) saw its stock price surge by 6.47% in pre-market trading on Wednesday. The strong upward movement can be attributed to the company's better-than-expected fourth-quarter results and optimistic guidance for 2025.
In the fourth quarter of 2024, Fiverr reported earnings per share of $0.64, exceeding the consensus estimate of $0.61. The company's revenue also surpassed expectations, reaching $103.7 million against the projected $101.37 million. Additionally, Fiverr introduced an AI-powered platform called Fiverr Go and an equity program for top freelancers, signaling its commitment to innovation and talent retention.
Looking ahead, Fiverr provided a promising outlook for 2025. The company forecasts revenue between $422 million and $438 million, surpassing analysts' expectations of $418.7 million. Furthermore, Fiverr projects adjusted EBITDA to range from $82 million to $90 million, reflecting strong profitability expectations.
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