In this video, I will go over Fiverr's (FVRR 1.85%) first-quarter earnings and talk about how well the business is performing in an unpredictable environment.
- Revenue for the quarter was $86.7 million, up 27% year over year (YOY), just beating the top line of guidance. Active buyers reached 4.2 million, and spend per buyer is up 17% year over year to $251.
- The company expects Q2 revenue to grow 15% at the midpoint to $86.5 million, overlapping tough YOY comps in the first half of the year.
- The company lowered full-year guidance from 26% growth YOY to 19% at the midpoint.
- Revenue from its Q1 2017 cohort is five times the initial performance marketing investment, and the cohort from the start of COVID has reached three times in just two years.
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*Stock prices used were the closing prices of May 10, 2022. The video was published on May 11, 2022.