Online freelance marketplace Fiverr (NYSE: FVRR) will be reporting results this Wednesday before market hours. Here’s what to expect.
Fiverr met analysts’ revenue expectations last quarter, reporting revenues of $107.9 million, up 8.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EBITDA guidance exceeding analysts’ expectations. It reported 3.3 million active buyers, down 13.2% year on year.
Is Fiverr a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Fiverr’s revenue to grow 5.1% year on year to $109 million, slowing from the 13.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.74 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fiverr has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Fiverr’s peers in the gig economy segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Uber delivered year-on-year revenue growth of 20.1%, meeting analysts’ expectations, and Upwork reported revenues up 3.6%, in line with consensus estimates. Uber traded down 3.5% following the results while Upwork was also down 19.1%.
Read our full analysis of Uber’s results here and Upwork’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. Investors in gig economy stocks have been spared in this environment as share prices are down 18.1% on average over the last month. Fiverr is down 8.6% during the same time and is heading into earnings with an average analyst price target of $31.90 (compared to the current share price of $14.42).
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