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Fiverr International Ltd. Q4 Profit Increases, But Misses Estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Fiverr International Ltd. (FVRR) announced a profit for its fourth quarter that increased from last year but missed the Street estimates.

The company's earnings totaled $12.838 million, or $0.33 per share. This compares with $4.701 million, or $0.12 per share, last year.

Excluding items, Fiverr International Ltd. reported adjusted earnings of $24.925 million or $0.64 per share for the period.

Analysts on average had expected the company to earn $0.68 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 13.3% to $103.666 million from $91.502 million last year.

Fiverr International Ltd. earnings at a glance (GAAP) :

-Earnings: $12.838 Mln. vs. $4.701 Mln. last year.
-EPS: $0.33 vs. $0.12 last year.
-Revenue: $103.666 Mln vs. $91.502 Mln last year.

Looking ahead, for the first quarter, the company expects revenue of $103.5 to $108.5 million with a year-on-year growth of 11 to 16 percent.

Fiverr anticipates its full-year 2025 revenue to be in the range of $422 to $438 million, up 8 to 12 percent from the prior year.

For comments and feedback contact: editorial@rttnews.com

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