Fiverr Expects 4Q23 Revenue Of $88.1M-$95.1M Vs. Consensus Of $93.33M And Adjusted EBITDA Of $14.9M-$16.9M; Reaffirms FY23 Revenue Guidance Of $358M-$365M Vs. Consensus Of $361.8M And Adjusted EBITDA Of $58M-$60M (Prior $56M-$50M)
Portfolio Pulse from Benzinga Newsdesk
Fiverr has provided its Q4 2023 and full year 2023 financial outlook, expecting Q4 revenue of $88.1M-$95.1M and adjusted EBITDA of $14.9M-$16.9M. The company reaffirms its FY23 revenue guidance of $358M-$365M and raises its adjusted EBITDA guidance to $58M-$60M. The outlook reflects the volatility experienced due to the war in the region and potential for increased volatility for the rest of the year.
November 09, 2023 | 7:08 am
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NEUTRAL IMPACT
Fiverr's Q4 and FY23 financial outlook reflects potential volatility due to regional war. The company expects Q4 revenue of $88.1M-$95.1M and adjusted EBITDA of $14.9M-$16.9M. FY23 revenue guidance is reaffirmed at $358M-$365M, with adjusted EBITDA raised to $58M-$60M.
Fiverr's financial outlook for Q4 and FY23 indicates potential volatility due to regional war, which could impact the company's performance. However, the company has reaffirmed its revenue guidance and raised its adjusted EBITDA guidance, which could be seen as a positive sign by investors. The impact on the stock price is uncertain due to these mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100