Fiverr ignores the competitions and continues to grow

Fiverr announces its first quarter earnings after the recent announcement that Microsofts linkden has entered the freelance space . With that Fiverr announced that it has one of the highest revenues recored in its history accelerating its revenue to 100% year on year.

Buyers report more frequently purchasing more expensive gigs on Fiverr business compared to their marketplace as well as their subscriptions and milestone expansion.

We continue to capitalise and execute on the ongoing digital transformation as we delivered one of the strongest quarters in Fiverr’s history with outstanding results across the board, supported by continued execution on our strategy,” said Micha Kaufman, Founder and CEO of Fiverr. “Fiverr’s business momentum remains strong and resilient as we continue to scale at accelerating levels while leading companies through this new world of work.”
Ofer Katz, Fiverr’s President and CFO, added, “We are thrilled with the Q1 results we delivered, we kicked the year off with 100% y/y revenue growth and continued focus, discipline and execution in the business. As a result of our continued momentum and the visibility built into our business model, we are providing strong guidance for the second quarter of 2021 and significantly upgrading our full-year 2021 guidance upwards.”

the company reported active buyers reported as of march 31st grew to 3.8 million. Compared to the 2.5 million as of march 2020 increase of 56% year over year. Spend per buyers reached a new high of 216 compared to $ 177 as of march 2-2- an increase of 22% year on year

Fiverr is one stock that seems immune to the pandemic as it quick begins to grow its user base. Still it will be interesting to company will prevail on top Fiverr up work or linked

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