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Mar 31, 2025
Fiverr Q1 2025 Earnings Report
Fiverr reported solid growth with improved profitability and a boost from AI-driven products in Q1 2025.
Key Takeaways
Fiverr delivered strong Q1 results, surpassing revenue and adjusted EBITDA expectations. Growth was driven by robust services revenue, steady marketplace performance, and increasing traction from Fiverr Go and Fiverr Pro initiatives.
Revenue grew 14.6% year-over-year to $107.18M, exceeding guidance midpoint.
GAAP Net Income was $798,000, or $0.02 per share; Non-GAAP EPS was $0.64.
Services revenue grew 94.0% YoY, now accounting for over 27% of total revenue.
Fiverr Go adoption drove improved buyer conversion and incremental services revenue.
Revenue by Segment
Forward Guidance
Fiverr raised the low end of its revenue and adjusted EBITDA guidance for FY 2025, reflecting strong Q1 performance and confidence in growth levers like Fiverr Go and Fiverr Pro.
Positive Outlook
- Revenue guidance for FY25 raised to $425M–$438M.
- Adjusted EBITDA guidance raised to $84M–$90M.
- Fiverr Go expected to further increase conversion and services revenue.
- Strong uptake of Fiverr Pro by business clients with six-figure contracts.
- Free cash flow remains strong, enabling capital flexibility and buybacks.
Challenges Ahead
- Marketplace revenue saw a slight YoY decline of 0.8%.
- Gross margin decreased by 250 bps YoY.
- Annual Active Buyers declined by 10.6% YoY.
- Macroeconomic volatility continues to pose forecasting challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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