Stock Track | Fiverr Soars 7.7% on Strong Q3 Results and Raised Outlook

Stock Track

2024-10-30

Shares of Fiverr International Ltd. (NYSE: FVRR) surged 7.7% on Monday after the online freelancing marketplace reported better-than-expected third-quarter results and raised its guidance for the fourth quarter and full year 2024.

For the third quarter, Fiverr posted adjusted earnings per share of $0.64, surpassing the consensus estimate of $0.59. Revenue grew 7.67% year-over-year to $99.628 million, beating analysts' expectations of $96.416 million. The company's strong performance was driven by robust demand for its services and continued expansion in its marketplace.

Looking ahead, Fiverr raised its guidance for the fourth quarter and full year 2024, citing positive trends in its marketplace. The company now expects fourth-quarter revenue to range between $100.2 million and $102.2 million, up from the previous consensus of $100.641 million. Adjusted EBITDA for the fourth quarter is projected to be between $19.5 million and $21.5 million.

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(NYSE: FVRR) surged 7.7% on Monday after the online freelancing marketplace reported better-than-expected third-quarter results and raised its guidance for the fourth quarter and full year 2024.</p>\n\n<p>For the third quarter, Fiverr posted adjusted earnings per share of $0.64, surpassing the consensus estimate of $0.59. Revenue grew 7.67% year-over-year to $99.628 million, beating analysts' expectations of $96.416 million. The company's strong performance was driven by robust demand for its services and continued expansion in its marketplace.</p>\n\n<p>Looking ahead, Fiverr raised its guidance for the fourth quarter and full year 2024, citing positive trends in its marketplace. The company now expects fourth-quarter revenue to range between $100.2 million and $102.2 million, up from the previous consensus of $100.641 million. Adjusted EBITDA for the fourth quarter is projected to be between $19.5 million and $21.5 million.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FVRR","symbol_name":"Fiverr International Ltd.","start_time":0,"source_url":"","article_id":"1134500721","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1134500721","pubTimestamp":1730274290,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Fiverr International Ltd.  surged 7.7% on Monday after the online freelancing marketplace reported better-than-expected third-quarter results and raised its guidance for the fourth quarter and full year 2024.For the third quarter, Fiverr posted adjusted earnings per share of $0.64, surpassing the consensus estimate of $0.59. 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