Online Freelance Marketplace Fiverr Posts Q3 Earnings Above Street View; Active Buyers Dip Slightly
Portfolio Pulse from Shivani Kumaresan
Fiverr International Ltd (NYSE:FVRR) reported Q3 FY23 sales growth of 12.1% YoY to $92.53 million, beating the analyst consensus estimate of $91.15 million. Active buyers dipped slightly to 4.164 million from 4.249 million last year. The company's Q4 2023 revenue outlook is $88.1 million - $95.1 million, against the consensus of $93.33 million. FVRR shares closed higher by 0.15% at $24.09 on Wednesday.
November 09, 2023 | 10:31 am
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Fiverr reported Q3 FY23 sales growth of 12.1% YoY, beating estimates. However, active buyers dipped slightly. The company's Q4 2023 revenue outlook is $88.1 million - $95.1 million.
Fiverr's Q3 FY23 sales growth and the beat on estimates are positive news that could drive the stock price up. However, the slight dip in active buyers could be a concern for investors. The company's Q4 2023 revenue outlook, which is in line with consensus estimates, could also influence the stock positively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100