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Dec 31, 2024
Fiverr Q4 2024 Earnings Report
Fiverr reported double-digit revenue growth and improved profitability in Q4 2024.
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.
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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