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Stock impact report

Fiverr Jumps 10% After Revenue Beat and Upgraded Profit Outlook [Yahoo! Finance]

Fiverr International Ltd. Ordinary Shares, no par value (FVRR) 
Last fiverr international ltd. ordinary shares, no par value earnings: 2/19 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Shares surged 10.23% in premarket trading following the announcement. The company posted adjusted earnings per share of $0.62, in line with analyst estimates, while revenue reached $105.5 million, exceeding the consensus forecast of $104.23 million. However, revenue declined 1.6% year over year from $107.2 million in the same period last year. Fiverr pointed to continued strength in higher-value work, noting that projects above $1,000 expanded at a strong double-digit pace, supported by an 18% increase in clients completing projects at that level. Adjusted EBITDA came in at $22.6 million, up from $19.4 million a year earlier, with margins improving by 330 basis points to 21.4%. The company raised its full-year adjusted EBITDA guidance to a range of $64 million to $80 million, while maintaining its revenue outlook of $380 million to $420 million, which implies a year-over-year change of between a 12% decline and 3% growth. “The year started with execution reflecting the earl Show less Read more
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