Fiverr Q4 2024 Earnings Report
Key Takeaways
Fiverr delivered strong Q4 2024 results with revenue increasing by 13.33% YoY to $103.67M, driven by a significant 102.10% YoY growth in Services revenue. Despite a decline in active buyers, higher spend per buyer and marketplace take rate improvements contributed to profitability. The company continues to push its upmarket strategy and AI innovations for long-term growth.
Revenue grew 13.33% YoY to $103.67M, exceeding expectations.
Services revenue surged 102.10% YoY, offsetting marketplace revenue decline.
Annual spend per buyer increased 9% YoY to $302.
GAAP net income grew 173.20% YoY to $12.84M, with improved margins.
Fiverr
Fiverr
Fiverr Revenue by Segment
Forward Guidance
Fiverr expects strong growth momentum in 2025, with continued investments in AI, upmarket expansion, and freelancer engagement initiatives.
Positive Outlook
- Q1 2025 revenue guidance of $103.50M - $108.50M, reflecting 11%-16% YoY growth.
- FY 2025 revenue guidance of $422.00M - $438.00M, indicating 8%-12% YoY growth.
- Continued upmarket expansion with Fiverr Pro and enterprise solutions.
- Freelancer Equity Program to drive long-term engagement and retention.
- Fiverr Go AI platform poised to drive innovation and new revenue streams.
Challenges Ahead
- Declining active buyer count poses a potential risk to future revenue growth.
- Marketplace revenue declined 4.00% YoY, highlighting competition pressures.
- Operating margin remains negative, requiring further efficiency improvements.
- High investment in AI and platform innovation could pressure short-term margins.
- Increased debt levels ($457.86M in convertible notes) add financial leverage risk.
Revenue & Expenses
Visualization of income flow from segment revenue to net income