Fiverr International (FVRR) volatility due to announced restructure plan

Fiverr International (NYSE: FVRR) volatility due to announced restructure plan.

• Announcement made in Company update on FVRR investors page.
• Shares spiked to $24.40 (high of day) before reversing immediately to $22.85 (low of day)
• Shares currently trade at $23.64
• From the update: "This morning, Micha published a letter to the team announcing a restructuring plan. The resizing and refocusing effort will allow Fiverr to go after growth opportunities as a leaner organization with an AI-native infrastructure and mindset. A copy of Micha’s letter is attached below to provide additional information regarding this transformation. We do not expect the changes we are implementing today to materially impact business activities across our marketplace in the immediate future. As such, we are reiterating our guidance for Q3 and FY25. We expect to reinvest part of the savings in the business, with the rest flowing to the Adjusted EBITDA1 line. As a result, we expect to achieve our long-term Adjusted EBITDA margin1 of 25% in 2026, a year ahead of our target. We are not updating our long-term Adjusted EBITDA margin target at this time, but we believe there could be additional upside to it as we continue to drive efficiency through scale and AI adoption."

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