Fiverr Expects Q3 Revenue Of $95M-$97M Vs. $97.726M Consensus And Adjusted EBITDA Of $17M-$19M
Portfolio Pulse from Benzinga Newsdesk
Fiverr has provided its Q3 2024 revenue guidance of $95M-$97M, which is below the consensus estimate of $97.726M. The company also expects adjusted EBITDA of $17M-$19M for the same period. For the full year 2024, Fiverr projects revenue of $383M-$387M and adjusted EBITDA of $69M-$73M.
July 31, 2024 | 5:07 am
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Fiverr's Q3 2024 revenue guidance of $95M-$97M is below the consensus estimate of $97.726M, which may lead to a negative short-term impact on the stock price. The adjusted EBITDA guidance of $17M-$19M is in line with expectations.
The revenue guidance for Q3 2024 is below the consensus estimate, which is likely to disappoint investors and lead to a short-term decline in the stock price. The adjusted EBITDA guidance is within expectations, but the revenue miss is more significant.
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