Q1 2026 Fiverr International Ltd Earnings Call Transcript
Key Points
- Fiverr International Ltd (FVRR) reported a strong first quarter with revenue and adjusted EBITDA at the high end of guidance.
- Projects over $1,000 grew at a strong double-digit rate, with clients completing these engagements up 18% year-over-year.
- The company is investing heavily in matching infrastructure, reducing mismatch rates by nearly 10% in Fiverr Pro.
- Service revenue increased by 30% year-over-year, accounting for 36% of total revenue.
- Fiverr is expanding its go-to-market capabilities with new growth engines targeting high-value work.
- Revenue was $105.5 million, down 1.6% year-over-year, reflecting headwinds in low-value transactional activity.
- The full-year revenue guidance indicates a potential decline of 12% to 3% year-over-year.
- The transformation strategy is still in early stages, with results expected more prominently in the second half of the year.
- Macro conditions remain uncertain, impacting marketplace growth expectations.
- The company anticipates a decrease in adjusted EBITDA margin from 21% in Q1 to 18% for the full year due to ongoing investments.
Good morning and welcome to the Fiverr first-quarter 2026 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I would now like to turn the conference over to Ms. Emily Greenstein. Thank you and over to you.
Thank you, operator, and good morning, everyone. Thank you for joining us on Fiverr's earnings conference call for the first quarter that ended March 31, 2026. Joining me on the call today are Micha Kaufman, Founder and CEO; and Esti Levy Dadon, CFO.
Before we start, I would like to remind you that during this call, we may make forward-looking statements and that these statements are based on our current expectations and assumptions as of today, and Fiverr assumes no obligation to update or revise them. A discussion of some of the important risk factors that could cause actual results to differ materially from any forward-looking statements can be found under the Risk Factors section in Fiverr's most recent Form
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