In this video I'll go over Fiverr 's (NYSE: FVRR) Q1 earnings report and talk about why I believe this company will continue to grow even after the pandemic is over. It beat revenue estimates and EPS and raised its FY21 guidance. So it is safe to say it believes this trend will continue. I covered Fiverr before and talked about why it's a must-have for long-term investors.
The company reported first-quarter revenue of $68.3, up 100% year over year. Active buyers are up to 3.8 million, an increase of 56% year over year. Spend per buyer (SPB) reached $216, compared to $177 as of March 31, 2020, an increase of 22% year over year.
The company also raised guidance for 2021 revenue growth from 46%-50% to 59-63%.
For further details see:
Fiverr Crushed Earnings. This Is Why It's a Screaming Buy.