Fiverr announces board authorization of $100M share repurchase program

Fiverr International announced that on April 1, 2024, its Board of Directors has authorized a share repurchase program, under which the company may repurchase up to $100 million of its ordinary shares. “We are pleased to announce the authorization of our first-ever stock repurchase program. This program reflects our confidence in the long-term opportunity for Fiverr and our commitment to creating shareholder value,” said Ofer Katz, Fiverr’s President and CFO. “We have built a healthy balance sheet enabling us to continue to invest in our strategic initiatives while also returning capital to shareholders. We believe that our current stock price represents an attractive opportunity for a repurchase.”