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Investing.com -- Fiverr International (NYSE:FVRR) reported better-than-expected fourth-quarter results and offered strong revenue guidance, sending its shares rising more than 3% in premarket trading Wednesday.
The freelance services marketplace operator posted earnings per share (EPS) of $0.64, topping analyst expectations of $0.61. Revenue for the period came in at $103.7 million, also ahead of the consensus projection of $101.37 million.
Adjusted EBITDA stood at $20.7 million, reflecting a 28% year-over-year increase, but was slightly below the estimated $20.8 million.
Fiverr reported an adjusted gross margin of 84%, compared to 84.6% a year earlier and shy of the forecasted 84.3%.
“We delivered strong results for 2024, finishing the year well ahead of our initial targets, with double-digit revenue growth and robust margins. We continue to focus on our upmarket initiatives while strategically expanding Services revenue to drive further growth," Micha Kaufman, founder and CEO of Fiverr, said in a statement.
For the first quarter of 2025, Fiverr expects revenue between $103.5 million and $108.5 million, beating the consensus estimate of $102.3 million. Adjusted EBITDA is projected to range from $18 million to $20 million, while analysts had anticipated $20.6 million.
Full-year 2025 guidance includes revenue between $422 million and $438 million, also surpassing the $418.7 million projected by analysts. Adjusted EBITDA is expected to be between $82 million and $90 million, compared to the forecasted $87.5 million.
Alongside its earnings release, Fiverr introduced Fiverr Go, an AI-powered platform designed to help creators scale their businesses while maintaining creative control.
The company also announced an equity program that will grant top freelancers shares in the company.
Fiverr Go will initially launch in select service categories, including voiceover, songwriting, graphic design, illustration, copywriting, and digital marketing. Early access will be limited to top-tier freelancers with established track records on the platform.