The following is a summary of the Fiverr International Ltd. (FVRR) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Fiverr reported a revenue of $99.6 million for Q3 2024, marking a year-over-year increase of 8%.

• Adjusted EBITDA was $19.7 million, with an adjusted EBITDA margin of 19.7%, showing an improvement of 180 basis points from the previous year.

• Spend per buyer increased to $296, representing a year-over-year growth of 9%.

• Take rate for the quarter was 33.9%, showing a year-over-year improvement of 260 basis points.

Business Progress:

• Fiverr is focusing on targeting higher value buyers and has launched new products like professions catalog, dynamic matching, and hourly contracts to cater to their needs.

• The company is seeing positive results from its focus on high value buyers with newer cohorts outperforming COVID cohorts in spend and quality.

• Fiverr introduced various AI-driven tools such as Neo and Dynamic Matching to enhance user experience and project matching on its platform.

Opportunities:

• Fiverr is expanding its marketplace with AI-driven tools like Neo and Dynamic Matching, enhancing the user experience and project matching capabilities.

• The launch of new products like professions catalog and hourly contracts targets higher-value corporate buyers, aiming to capture more substantial freelancing budgets and address diverse project needs.

• The company's upmarket strategy and focus on high-value buyers contribute to an increased spend per buyer and improving key performance metrics.

Risks:

• Despite strong quarterly results, the overall hiring environment continues to be challenging, impacting active buyer growth and general market conditions.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.