The gig economy platform keeps reminding investors that artificial intelligence is not a net negative to its business.
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Fiverr shares rocketed ahead by roughly 30% on Wednesday morning (Oct. 30) after third-quarter results highlighted that programs geared toward encouraging buyers to spend more — as they seek freelancers for “complex” projects — are bearing fruit.
Fiverr reported soft earnings but powerful sales growth in the third quarter, and future business prospects look robust. Here's how the freelance services vendor is moving forward.
Fiverr International Ltd. (NYSE:FVRR ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 PM ET Company Participants Jinjin Qian - EVP, Strategic Finance Micha Kaufman - Co-Founder, CEO and Director Ofer Katz - President and CFO Conference Call Participants Ronald Josey - Citi Bernie McTernan - Needham & Company Douglas Anmuth - JPMorgan Jason Helfstein - Oppenheimer & Co. Brad Erickson - RBC Capital Markets Marvin Fong - BTIG Rohit Kulkarni - ROTH Capital Partners Josh Chan - UBS Andrew Boone - JMP Securities Operator Good day, and thank you for standing by.
The headline numbers for Fiverr (FVRR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Fiverr International (FVRR) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.55 per share a year ago.
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Get a deeper insight into the potential performance of Fiverr (FVRR) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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Will artificial intelligence ultimately propel Fiverr's business forward? This is the most prominent question investors have for the gig economy platform.
In the most recent trading session, Fiverr International (FVRR) closed at $21.53, indicating a -1.51% shift from the previous trading day.