Fiverr Publishes Q4 2025 MD&A Prepared Remarks Earnings Call Report

Reuters
Feb 18
Fiverr Publishes Q4 2025 MD&A Prepared Remarks Earnings Call Report

Fiverr said 2025 was an execution year, with revenue up 10% and Adjusted EBITDA up 23% to 92 million, reaching a 21% margin. The company highlighted momentum in higher-value work: spend per buyer rose 13%, buyers spending over 10,000 annually increased 7%, and GMV from projects over 1,000 grew 23% for the year (22.8% in Q4). Fiverr is repositioning from a transaction-oriented marketplace toward a work platform centered on intelligent matching, integrated workflows, and managed, complex engagements, alongside AI-native services; it expects tangible impact from its multi-year plan within four to six quarters. For Q4, revenue was 107.2 million, with Services revenue up 18% to 35.6 million (33% of total) and Marketplace revenue of 71.5 million driven by 3.1 million active buyers and 342 spend per buyer; the company noted ongoing softness in SMB sentiment and said it is intentionally deprioritizing low-end transactions, which may increase marketplace volatility. Fiverr guided 2026 revenue of 380–420 million and Adjusted EBITDA of 60–80 million, and guided Q1 2026 revenue of 100–108 million with Adjusted EBITDA of 19–23 million, reflecting uncertainty and planned foundational investments expected to reduce Adjusted EBITDA margin by about 200 basis points in 2026. The full report can be accessed through the link below.

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