Talent platform Fiverr International Ltd. (NYSE: FVRR) reported third-quarter revenue jumped 42.0% with growth in both the number of active buyers and spend per buyer.

The number of active buyers rose by 33% year over year to 4.1 million in the third quarter at Tel Aviv, Israel-based Fiverr. Meanwhile, the amount of spend per buyer rose by 20% to $234.

“Q3 turned out to be a very strong quarter, with revenue growing 42% y/y, above the high end of our guidance,” CEO and Director Micha Kaufman said. “All KPIs, including active buyers, spend per buyer and take rate performed really well too.”

The company also reported on its recent acquisitions of freelancer management system Stoke Talent this month and online learning platform CreativeLive in October.

“Both transactions will not have a material impact to our P&L in Q4, but they are highly strategic for us as we march towards our long-term vision of the future of work,” President and CFO Ofer Katz said in a conference call with analysts.

Guidance

Fiverr forecast fourth-quarter revenue of between $74.5 million and $77.5 million, a year-over-year increase of between 33% and 39%.

The company also increased its forecast for full-year revenue to between $292.4 million and $295.4 million, a year-over-year increase of between 54% and 56%.

Share price and market cap

Shares in Fiverr were up 14.67% to $184.62 as of 1:12 p.m. Eastern time; they were 42.99% above their 52-week low set on Nov. 10, 2020, according to the FT.com. Fiverr had a market cap of $5.88 billion.