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View All NewsFiverr Q4 revenue up 43%, ‘growth across all metrics’
Talent platform Fiverr International Ltd. (NYSE: FVRR) reported fourth-quarter revenue jumped 42.7% with increases in both the number of active buyers and spend per buyer.
The number of active buyers rose by 23% year over year to 4.2 million in the fourth quarter at Tel Aviv, Israel-based Fiverr. Meanwhile, the amount of spend per buyer rose by 18% to $242.
“We live in a dynamic and ever-evolving work environment in which the world has embraced the vision Fiverr had 12 years ago,” said founder and CEO Micha Kaufman. “This vision continues to drive our innovation and product roadmap as we lead the labor market transformation for customers on both sides of our marketplace.”
| (US$ thousands) | Q4 2021 | Q4 2020 | % change |
| Revenue | $79,755 | $55,885 | 42.7% |
| Gross profit | $64,542 | $46,182 | 39.8% |
| Gross margin | 80.9% | 82.6% | |
| Net loss | ($19,520) | ($8,077) | nm |
Annual spend per buyer reached $242 as of Dec. 31, 2021, up from $205 as of Dec. 31, 2020.
“Our growth has been exceptional over the last two years at 178%, and our fourth quarter alone saw an increase in revenue of 43% year over year to $79.8 million,” said President and CFO Ofer Katz. “Fiverr continues to see growth across all metrics with predictable cohort behavior, giving us confidence to provide strong guidance for the year ahead.”
Full-year results
| (US$ thousands) | FY 2021 | FY 2020 | % change |
| Revenue | $297,662 | $189,510 | 57.1% |
| Gross profit | $245,939 | $156,322 | 57.3% |
| Gross margin | 82.6% | 82.5% | |
| Net loss | ($65,012) | ($14,810) | nm |
Fiverr in 2021 acquired CreativeLive, expanding its learning and development module for freelancers. It also acquired the freelancer management system Stoke Talent, which enables companies to manage their freelance talent, including onboarding, payment and tracking budgets. “Last but not least, we continue to expand our international presence with non-English speaking countries now contributing to 32% of our total revenue,” Kaufman said in a conference call with investors.
Guidance
Fiverr forecast first-quarter revenue of between $85.0 million and $87.0 million, a year-over-year increase of between 24% and 27%.
The company also forecast full-year revenue of between $373.0 million and $379.0 million, a year-over-year increase of between 25% and 27%.
Share price and market cap
Shares in Fiverr were up 10.69% to $83.95 as of 11:15 a.m. Eastern time; they were 23.46% above their 52-week low of $68.00 set on Jan 28, 2022, according to FT.com. Fiverr had a market cap of $2.77 billion.