Why Fiverr International Stock Jumped Today
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Fiverr International's stock surged by up to 30.4% after reporting strong Q3 results, ultimately gaining 15% by midday. Revenues rose 8% year-over-year to $82.6 million, driven by a higher take rate of 33.9%. Adjusted EBITDA increased 19% to $15.7 million, despite a slight earnings miss. The company raised its full-year revenue guidance and aims for a 25% adjusted EBITDA margin by 2027, reflecting confidence in its long-term growth strategy and resilience in the gig economy post-pandemic.
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