Categories Earnings, Retail

Fiverr International (FVRR): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

—  Fiverr International Ltd. (NYSE: FVRR) reported a loss of $0.08 per share in the fourth quarter of 2019, vs $0.14 per share loss expected. 

— Q4 revenue grew 43% to $29.5 million, vs. $28.69 million expected. The topline was driven by continued growth in both active buyers and spend per buyer.

— Active buyers reached 2.4 million, representing 17% YoY growth. Spend per buyer rose 17% to $170. 

— For the first quarter of 2020, Fiverr expects revenue in the range of $32-33 million and adjusted EBITDA loss of $5.5 – $4.5 million. 

For the full fiscal year, revenues are projected to be $139-141 million, while adjusted EBITDA loss is seen in the range of $15-13 million. 

— FVRR shares shot up 3.5% immediately following the announcement.

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Also Read:  Infographic: Uber (UBER) Q2 loss narrows; revenue beats

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