Fiverr International (FVRR) Tops Q1 EPS by 5c, Revenues Beat; Raises 2Q & FY20 Revenue Guidance Above Consensus
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Fiverr Announces First Quarter 2020 Results
May 7, 2020 7:00 AM EDTDelivered strong revenue growth of 44% y/y in Q120, above prior guidance range, with accelerating growth continued into April across all annual cohorts Continued growth momentum across all key metrics, with active buyers increasing 17% y/y, spend per buyer increasing 18% y/y, and take rate increasing 90 basis points y/y Added over 30 new categories in Q120 and experienced accelerating growth across all verticals in April Launched Promoted Gigs in five categories, and early results show over 80% adoption rate and nearly 100% retention rate among invited sellers Furthered the progress of... More
