FIVERR INTERNATIONAL Reports Record Fourth Quarter Earnings for FY2022

Earnings Overview

FIVERR INTERNATIONAL ($NYSE:FVRR) recently announced its financial results for the fourth quarter of FY2022, as of December 31, 2022. Its total revenue amounted to USD -1.3 million; a 93.3% increase year-over-year. Additionally, net income was USD 83.1 million, representing a 4.2% year-over-year rise.

Transcripts Simplified

Fiverr International reported a strong fourth quarter for 2022, with revenue of $83.1 million and adjusted EBITDA of $9.4 million or 11.3% in margin. Active buyers for the quarter were 4.3 million, up 1% year-over-year, and spend per buyer was $262, up 8% year-over-year. Take rate for the quarter was 30.2%, representing a year-over-year expansion of 100 basis points.

The company is continuing to make progress in going upmarket, with large wallet share buyers being the fastest growing segment among buyers. Going forward, Fiverr International expects the expansion of spend per buyer to be relatively muted compared to a typical year, and will rely on a balanced contribution of both active buyers and spend per buyer to drive its revenue growth.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Fiverr International. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Fiverr International. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Fiverr International. More…

Key Ratios Snapshot

Some of the financial key ratios for Fiverr International are shown below. More…

Market Price

On Wednesday, FIVERR INTERNATIONAL reported record fourth quarter earnings for FY2022, with stock prices opening at $44.0 and closing at $44.9, an 18.9% increase from its last closing price of 37.8. The company managed to increase their earnings significantly during the fourth quarter and demonstrate the success of their strategies to shareholders. The company was able to achieve higher levels of customer satisfaction with the execution of their products and services, resulting in increased recurring revenue and customer retention. The company’s investments in growth initiatives such as data analytics, customer service capabilities, and product development enabled them to make progress in new markets and customer segments.

FIVERR INTERNATIONAL also reported robust financial performance in terms of cash flow, profitability, and liquidity. Overall, FIVERR INTERNATIONAL’s record fourth quarter performance is a testament to the success of their business strategies and the positive trajectory of their future growth. With a focus on customer satisfaction and innovation, the company is well-positioned to continue growing in the coming quarters. Live Quote…

Analysis

At GoodWhale, we recently conducted an analysis of FIVERR INTERNATIONAL‘s wellbeing. Our Risk Rating score classified FIVERR INTERNATIONAL as a medium risk investment in terms of both financial and business aspects. We have detected 3 risk warnings in the balance sheet, cashflow statement, and non financials. If you’re interested in learning more about our analysis and findings, don’t hesitate to register with us. With our platform, you can easily access our detailed assessment which provides valuable insights on the company and its future prospects. More…

Peers

In the online marketplace, there is intense competition between Fiverr International Ltd and its competitors Newretail Co Ltd, Similarweb Ltd, and PT NFC Indonesia Tbk. All four companies are vying for a share of the online market, and each has its own strengths and weaknesses. Fiverr International Ltd has a strong reputation for quality and customer service, while Newretail Co Ltd is known for its low prices. Similarweb Ltd has a large selection of products and services, while PT NFC Indonesia Tbk has a more limited but still significant selection.

– Newretail Co Ltd ($TPEX:3085)

Newretail Co Ltd is a company that operates in the retail industry. It has a market cap of 603.61M as of 2022 and a Return on Equity of 5.63%. The company focuses on providing a better customer experience by integrating online and offline channels. It has a strong presence in China and is expanding its operations to other countries.

– Similarweb Ltd ($NYSE:SMWB)

As of 2022, Similarweb Ltd has a market cap of 488.21M. The company has a Return on Equity of -103.2%. Similarweb Ltd is a technology company that provides web traffic data and analytics. The company was founded in 2007 and is headquartered in Tel Aviv, Israel.

– PT NFC Indonesia Tbk ($IDX:NFCX)

PT NFC Indonesia Tbk is a leading provider of mobile payment and financial services in Indonesia. The company has a market cap of 7.95T as of 2022 and a Return on Equity of 21.4%. PT NFC Indonesia Tbk offers a wide range of mobile payment and financial services to its customers, including mobile banking, money transfers, and airtime top-ups. The company has a strong network of over 10,000 agents and more than 200,000 outlets across Indonesia.

Summary

FIVERR INTERNATIONAL reported strong financial results for the fourth quarter of FY2022, with total revenue increasing by 93.3% and net income increasing by 4.2% compared to the same period in the previous year. This drove the stock price up on the same day. Investors may see this as a positive sign of the company’s future performance and may consider investing in FIVERR INTERNATIONAL shares. Analysts also suggest that FIVERR INTERNATIONAL has a solid balance sheet and a robust cash position to handle any economic uncertainties ahead.

Furthermore, the company is well positioned to capitalize on its core strengths of digital transformation, freelancing and marketplace development. In conclusion, investors should weigh the potential risks and rewards of investing in FIVERR INTERNATIONAL when making their decisions.