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Fiverr tops Q3 revenue expectations despite 16% drop, raises FY guidance

By Reuters News


Overview

  • Israel-based freelance marketplace's Q3 revenue fell 15.8% yr/yr but beat analyst expectations

  • Q3 pretax profit missed analyst expectations

  • Company raises FY 2026 guidance on tailwinds from high-profile AutoDS campaign and cost management


Outlook

  • Fiverr raises full-year 2026 revenue guidance to $374 mln-$380 mln

  • Company expects Q4 2026 revenue of $80 mln-$86 mln

  • Company anticipates ongoing demand and search traffic headwinds to continue through 2027


Result Drivers

  • SERVICES SEGMENT - Co said stronger than expected performance in services segment, driven by AutoDS and e-commerce expansion, helped results

  • SEARCH TRAFFIC HEADWINDS - Co said ongoing demand and search traffic headwinds across the marketplace, stemming from AI-related disruption to traditional SEO and SEM, weighed on results

  • STRICT EXPENSE MANAGEMENT - Co said continued strict expense management supported results


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$90.90 mln

$83.83 mln (9 Analysts)

Q3 EPS

$0.03

Q3 Net Income

$1.27 mln

Q3 Pretax Profit

Miss

$2.32 mln

$7.93 mln (4 Analysts)

Q3 Gross Profit

$73.86 mln

Q3 Operating Income

-$662,000


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the online services peer group is "buy."

  • Wall Street's median 12-month price target for Fiverr International Ltd is $10.00, about 23.8% above its October 28 closing price of $8.08

  • The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago


Reuters Recommended Reads

  • Oct 26 - Trading platform Plus500 Q3 revenue rises on customer growth

  • Oct 28 - Israel's Radware Q3 revenue rises to record high on cloud demand

  • Oct 26 - MotorK nine-month revenue falls 13% on non-core exit; withdraws FY26 CARR guidance


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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