Fiverr Updates 2024 Outlook: Now Sees Revenue $383M-$387M (Prior $381M-$387M) Vs. $384.485M Consensus And Adjusted EBITDA Of $69M-$73M (Prior $67M-$73M)
Portfolio Pulse from Benzinga Newsdesk
Fiverr has updated its 2024 financial outlook, now expecting revenue between $383M-$387M, slightly up from the prior range of $381M-$387M, and adjusted EBITDA of $69M-$73M, up from the prior $67M-$73M. The Q3 2024 revenue is projected to be $95M-$97M with a 3%-5% year-over-year growth.
July 31, 2024 | 5:09 am
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Fiverr has slightly increased its 2024 revenue outlook to $383M-$387M from the prior $381M-$387M, and adjusted EBITDA to $69M-$73M from the prior $67M-$73M. The Q3 2024 revenue is projected to be $95M-$97M with a 3%-5% year-over-year growth.
The slight increase in revenue and adjusted EBITDA outlook indicates positive trends in Fiverr's marketplace, which is likely to have a positive short-term impact on the stock price.
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