Fiverr International Ltd. (NYSE:FVRR) shares surged 6.6% in premarket trading on Wednesday after the online freelance marketplace reported third-quarter results that topped earnings forecasts, underscoring improved profitability and operational efficiency.
For the quarter, Fiverr posted adjusted earnings per share of $0.84, well ahead of the analyst consensus of $0.69. Revenue reached $107.9 million, matching expectations and marking an 8.3% increase year over year from $99.6 million.
“We delivered another strong quarter, with solid execution across both revenue and profitability,” said Ofer Katz, President and CFO of Fiverr. “Adjusted EBITDA and Adjusted EBITDA margin were our highest-ever for a quarter, highlighting the scalability in our marketplace and our disciplined approach to operational efficiency.”
Marketplace revenue declined 2.0% year over year to $73.6 million, while services revenue surged 39.6% to $34.3 million. The number of annual active buyers dropped 11.7% to 3.3 million, but this was balanced by an 11.7% increase in annual spend per buyer, reaching $330.
Adjusted EBITDA rose to $24.2 million from $19.7 million a year earlier, expanding the margin to 22.4% from 19.7% in the prior-year period.
Fiverr said growth in AI-driven categories, as well as continued expansion in Managed Services and Dynamic Matching, supported a rise in complex, higher-value projects and increased overall customer spending.
Looking ahead, the company expects fourth-quarter revenue between $104.3 million and $112.3 million, compared with the $109.3 million Wall Street estimate. For the full year 2025, Fiverr projects revenue in the range of $428–436 million, roughly in line with analyst expectations of $433 million.
“With AI continuing to run through every facet of the business, our commitment to driving AI transformation and re-accelerating GMV growth is as focused as ever,” said Micha Kaufman, founder and CEO of Fiverr.