Fiverr (FVRR) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 10:23 AM CDT 31 min read

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DATE

Wednesday, April 29, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Micha Kaufman

• Chief Financial Officer — Esti Dadon

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Full Conference Call Transcript

Micha Kaufman: Thank you, Emily. Good morning, everyone, and convey you for joining us. Let maine commencement with the headline. Q1 was a coagulated 4th of execution with some gross and adjusted EBITDA coming successful astatine the precocious extremity of our guidance range. Esti volition locomotion done the details shortly, but the underlying connection is this, we are focused connected executing the strategical translation portion being methodical successful managing the existing concern crossed some apical and bottommost lines. Maintaining fiscal subject and transparency passim this translation is critical, and we are committed to doing that consistently and credibly.

Let maine present crook to the translation oregon arsenic we mentioned past quarter, we are successful the aboriginal stages of a multiyear travel to reposition Fiverr from a transaction-oriented marketplace into a trusted enactment level for analyzable high-value outcomes. This is not a cosmetic shift. It is simply a cardinal improvement of however enactment is matched, delivered and orchestrated connected our platform. Our North Star is clear: to go the astir trusted level for completing high-value, high-trust work. This means enabling businesses and endowment and progressively AI-driven workflows to collaborate efficaciously connected analyzable outcomes. Two months into the transformation, the aboriginal signals crossed each pillars of this translation are accordant with our plan.

First, we are strengthening the high-end endowment flywheel and expanding into much complex, higher-value projects. Projects implicit $1,000 proceed to turn astatine a beardown double-digit complaint with clients completing $1,000-plus projects, up 18% year-over-year. We are besides seeing expanding information from endowment delivering these engagements. What's important present is not conscionable the growth. It's the quality of the work. We are seeing businesses travel to Fiverr not for isolated tasks, but for multiphase mission-critical projects. For example, one, a planetary wellness attraction institution is moving with endowment connected Fiverr to nutrient implicit 30 multilingual animated assets for a merchandise motorboat with ongoing walk crossed aggregate engagements.

Two, a C2C sports level successful New Zealand built a afloat mobile exertion done aggregate improvement phases connected Fiverr. Three, a European entrepreneur is gathering an AI-enabled invoicing SaaS level to comply with determination regulatory standards. These are not one-off gigs. They are sustained high-value engagements that necessitate coordination, iteration and trust. This is precisely the conception we are targeting and precisely wherever the marketplace is moving towards much strategical outcome-based engagements. Second, we are investing heavy successful matching infrastructure and experience. This is our main differentiator and the cardinal to driving spot and quality, which are the halfway primitives of the market. Our probe and interior information corroborate this. The superior differentiator successful hiring platforms is not price.