Fiverr International Ltd. (NYSE:FVRR) Q3 2024 Earnings Conference Call October 30, 2024 8:30 PM ET

Company Participants

Jinjin Qian - EVP, Strategic Finance
Micha Kaufman - Co-Founder, CEO and Director
Ofer Katz - President and CFO

Conference Call Participants

Ronald Josey - Citi
Bernie McTernan - Needham & Company
Douglas Anmuth - JPMorgan
Jason Helfstein - Oppenheimer & Co.
Brad Erickson - RBC Capital Markets
Marvin Fong - BTIG
Rohit Kulkarni - ROTH Capital Partners
Josh Chan - UBS
Andrew Boone - JMP Securities

Operator

Good day, and thank you for standing by. Welcome to Fiverr Third Quarter 2024 Earnings Conference Call. All this time all participants are in a listen-only mode. After the speakers’ presentation there will be a question-and-answer session. [Operator Instructions]

Please be advised that today's conference is being recorded.

I'd now like to hand the conference over to your first speaker today, Jinjin Qian, EVP, Strategic Finance. Please go ahead.

Jinjin Qian

Thank you, operator, and good morning everyone. Thank you for joining us on Fiverr’s earnings conference call for the third quarter that ended September 30, 2024.

Joining me on the call today are Micha Kaufman, Founder and CEO; and Ofer Katz, President and CFO. Before we start, I would like to remind you that during this call we may make forward-looking statements and that these statements are based on our current expectations and assumptions as of today and Fiverr assumes no obligation to update or revise them.

A discussion of some of the important risk factors that could cause actual results to differ materially from any forward-looking statements can be found under the Risk Factors section in Fiverr’s most recent Form 20-F and other filings with the SEC. During this call, we’ll be referring to some key performance metrics and non-GAAP financial measures, including adjusted EBITDA, adjusted EBITDA margin and free cash flow. Further explanation and a reconciliation of each of the non-GAAP financial measures to the most directly comparable GAAP measures is provided in the earnings release, we issued today and our shareholder letter, each of which is available on our website at investors.fiverr.com.

And now, I will turn the call over to Micha.

Micha Kaufman

Thank you, Jinjin. Good morning everyone, and thank you for joining us. We delivered a tremendous third quarter with both revenue and adjusted EBITDA exceeding the high end of our guidance range. By successfully executing our strategy to go upmarket, expand value added services, and deliver innovative AI-powered experience, we are able to grow a higher quality buyer base, drive robust growth in spend per buyer, and strong expansion in take rate.