Fiverr Q2 2026 revenue drops 10% as AI adoption squeezes low-value transactional work, company says
FVRR•Q2 revenue declines as AI shifts demand
Fiverr’s Q2 2026 results reflected a faster decline in high-volume, low-value transactional work, which management tied to accelerating AI adoption and workflow automation.
- Revenue fell 10% to USD 97.8 million; adjusted EBITDA dropped 18.3% to USD 17.5 million for a 17.9% margin, with cost controls limiting pressure.
- Marketplace revenue slid 15.5% to USD 63.1 million as active buyers fell 22% to 2,700,000; spend per buyer rose 15.6% to USD 368 on mix shift.
- Projects of USD 1,000+ reached 15% of completed-project gross order value; clients completing USD 1,000+ projects grew 13% year over year on a trailing basis.
- Management flagged a recent deceleration in traffic and demand extending into Q3, citing recent LLM model updates; Q3 revenue guided to USD 80-88 million.
