The following is a summary of the Fiverr International Ltd. (FVRR) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Fiverr reported a revenue of $99.6 million for Q3 2024, marking a year-over-year increase of 8%.

• Adjusted EBITDA was $19.7 million, with an adjusted EBITDA margin of 19.7%, showing an improvement of 180 basis points from the previous year.

• Spend per buyer increased to $296, representing a year-over-year growth of 9%.

• Take rate for the quarter was 33.9%, showing a year-over-year improvement of 260 basis points.

Business Progress:

• Fiverr is focusing on targeting higher value buyers and has launched new products like professions catalog, dynamic matching, and hourly contracts to cater to their needs.

• The company is seeing positive results from its focus on high value buyers with newer cohorts outperforming COVID cohorts in spend and quality.

• Fiverr introduced various AI-driven tools such as Neo and Dynamic Matching to enhance user experience and project matching on its platform.

Opportunities:

• Fiverr is expanding its marketplace with AI-driven tools like Neo and Dynamic Matching, enhancing the user experience and project matching capabilities.

• The launch of new products like professions catalog and hourly contracts targets higher-value corporate buyers, aiming to capture more substantial freelancing budgets and address diverse project needs.

• The company's upmarket strategy and focus on high-value buyers contribute to an increased spend per buyer and improving key performance metrics.

Risks:

• Despite strong quarterly results, the overall hiring environment continues to be challenging, impacting active buyer growth and general market conditions.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.