Fiverr shares jump 10% on $105.5M Q1 revenue beat and $64–80M EBITDA guidance
Fiverr reported Q1 revenue of $105.5 million, surpassing the $104.2 million consensus but down 1.6% year-over-year, while adjusted EBITDA rose 16.5% to $22.6 million with margins expanding to 21.4%. The company boosted full-year EBITDA guidance to $64–80 million and set Q2 revenue guidance of $95–103 million below estimates.
1. Q1 Financial Results
Fiverr delivered Q1 revenue of $105.5 million, beating the consensus of $104.2 million but declining 1.6% year-over-year from $107.2 million. Adjusted EPS was $0.62 in line with estimates, while adjusted EBITDA rose to $22.6 million, up from $19.4 million a year ago, with margins expanding to 21.4%.
2. Guidance Update
The company raised its full-year adjusted EBITDA forecast to $64 million–$80 million while maintaining revenue expectations of $380 million–$420 million, implying year-over-year growth between –12% and +3%. For Q2, Fiverr expects revenue of $95 million–$103 million and adjusted EBITDA of $16 million–$20 million, with the midpoint of revenue guidance below current analyst projections.
3. Market Reaction
Shares surged 10.2% in premarket trading following the earnings release and guidance raise, reflecting investor confidence in the company’s profitability trajectory despite revenue headwinds. The stock’s strong reaction underscores market emphasis on margin improvements and high-value project growth.
4. Buyer Metrics and High-Value Work
Annual active buyers fell 17.8% to 2.9 million, but average spend per buyer climbed 15.4% to $356, driven by an 18% increase in projects above $1,000. Fiverr highlighted momentum in higher-value work as a key catalyst for improved earnings and margin expansion.