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22 February
Fiverr International reports mixed Q4 earnings; initiates Q1 and FY23 outlook
  • Active buyers as of December 31, 2022 grew to 4.3 million, compared to 4.2 million as of December 31, 2021, an increase of 1% year over year.
  • Spend per buyer as of December 31, 2022 reached $262, compared to $242 as of December 31, 2021, an increase of 8% year over year.
  • Take rate for the period ended December 31, 2022 was 30.2%, up from 29.2% for the period ended December 31, 2021, an increase of 100 basis points year over year.
  • Adjusted EBITDA in the fourth quarter of 2022 was $9.4M, compared to $8.9M in the fourth quarter of 2021.
  • Adjusted EBITDA margin was 11.3% in the fourth quarter of 2022, compared to 11.1% in the fourth quarter of 2021.
  • For 2023, we will build on the progress of 2022, to deliver further headway towards our long-term Adjusted EBITDA margin target of 25%. While the macro continues to be highly uncertain, with discipline and control, we are committed to accelerate the pace of our Adjusted EBITDA margin expansion this year.
  • Outlook: Q1 2023: Revenue of $86.5 - $88.5 million vs. consensus of $87.31M; Adjusted EBITDA of $9.0 - $10.5 million.
  • FY 2023: Revenue of $350.0 - $365.0 million vs. consensus of $365.87M; Adjusted EBITDA of $45.0 - $55.0 million.