FVRR - Fiverr International beats Q1 top and bottom line estimates; initiates Q2 and updates FY23 outlook

2023-05-11 01:20:10 ET

• Fiverr International press release ( NYSE: FVRR ): Q1 Non-GAAP EPS of $0.39 beats by $0.15 .
• Revenue of $88M (+1.5% Y/Y) beats by $0.3M .
• Adjusted EBITDA in the first quarter of 2023 was $11.3 million, compared to $3.9 million in the first quarter of 2022. Adjusted EBITDA margin ¹ was 12.8% in the first quarter of 2023, compared to 4.5% in the first quarter of 2022.
• Q2 2023 Outlook: Revenue of $88.0 - $90.0 million vs. consensus of $88.44M; Adjusted EBITDA of $12.0 - $14.0 million.
• FY23 Outlook: Revenue of $355.0 - $365.0 million vs. consensus of $359.55M; Adjusted EBITDA of $48.0 - $56.0 million.

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