Fiverr Raises 2024 Outlook: Now Sees Revenue Of $388M-$390M (Prior $383M-$387M) Vs. $385.134M Consensus, And Adjusted EBITDA Of $73M-$75M (Prior $69M-$73M)
Portfolio Pulse from Benzinga Newsdesk
Fiverr has raised its 2024 financial outlook, projecting higher revenue and adjusted EBITDA than previously expected. The company now anticipates 2024 revenue between $388M-$390M, up from $383M-$387M, and adjusted EBITDA of $73M-$75M, up from $69M-$73M.
October 30, 2024 | 5:09 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Fiverr has increased its 2024 revenue and adjusted EBITDA guidance, indicating stronger than expected performance. Revenue is now projected at $388M-$390M, and adjusted EBITDA at $73M-$75M.
Fiverr's updated guidance suggests improved business performance and growth prospects, which is likely to positively impact its stock price in the short term. The increase in both revenue and adjusted EBITDA forecasts indicates strong market trends and operational efficiency.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100