FVRR - Fiverr International reports mixed Q2 earnings; narrows FY22 and issues Q3 guidance below estimates
- Fiverr International press release ( NYSE: FVRR ): Q2 Non-GAAP EPS of $0.13 beats by $0.04 .
- Revenue of $85M (+12.9% Y/Y) misses by $1.71M .
- Adjusted EBITDA in the second quarter of 2022 was $4.6M, compared to $7.4M in the second quarter of 2021.
- Adjusted EBITDA margin was 5.4% in the second quarter of 2022, compared to 9.8% in the second quarter of 2021.
- Active buyers as of June 30, 2022 grew to 4.2M, compared to 4.0M as of June 30, 2021, an increase of 6% year over year.
- Spend per buyer as of June 30, 2022 reached $259, compared to $226 as of June 30, 2021, an increase of 14% year over year.
- Take rate for the period ended June 30, 2022 was 29.8%, up from 27.8% for the period ended June 30, 2021, an increase of 200 basis points year over year.
- Q3’22 outlook : Revenue of $80.5 - $82.5 million, an Y/Y growth of 8%-11% below consensus of $87.74M; Adjusted EBITDA of $5.0 - $6.0 million.
- Updated full year 2022 guidance : Revenue of $332.0 - $340.0 million, an Y/Y growth of 12%-14% below consensus of $354.40M; Adjusted EBITDA of $19.5 - $21.5 million.
For further details see:
Fiverr International reports mixed Q2 earnings; narrows FY22 and issues Q3 guidance below estimates