What To Expect From Fiverr’s (FVRR) Q4 Earnings

Petr Huřťák /
2023/02/21 3:10 am EST

Online freelance marketplace Fiverr (NYSE: FVRR) will be reporting earnings tomorrow before the bell. Here's what you need to know.

Last quarter Fiverr reported revenues of $82.5 million, up 11% year on year, beating analyst revenue expectations by 1.72%. It was a weaker quarter for the company, with an underwhelming revenue guidance for the next quarter and slow revenue growth. The company reported 4.2 million active buyers, up 2.43% year on year.

Is Fiverr buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Fiverr's revenue to grow 4.64% year on year to $83.4 million, slowing down from the 42.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

Fiverr Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Fiverr's peers in the gig economy segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Uber delivered top-line growth of 48.9% year on year, beating analyst estimates by 1.17% and Lyft reported revenues up 21.1% year on year, exceeding estimates by 1.76%. Uber traded up 8.32% on the results, Lyft was down 24.0%. Read our full analysis of Uber's results here and Lyft's results here.

Investors in the gig economy segment have had steady hands going into the earnings, with the stocks up on average 0.8% over the last month. Fiverr is up 9.41% during the same time, and is heading into the earnings with analyst price target of $40.0, compared to share price of $39.4.

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The author has no position in any of the stocks mentioned.