Sees Q3 adjusted EBITDA $17M-$19M. “We delivered solid results for Q2 and reiterated our full year guidance. While the SMB and freelancer hiring space remain volatile, we continue to execute with consistency and efficiency. At the same time, we are expanding our product portfolio through both organic and inorganic investments to create additional growth catalysts,” said Ofer Katz, President and CFO of Fiverr. “We also aim to optimize our capital allocation strategy to deliver shareholder value. With strong free cash flow generation and a strong balance sheet to support capital return programs, we are paving a measurable and tangible path for steady growth in free cash flow for the next three years.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FVRR:
- Fiverr Deepens eCommerce Solutions with Acquisition of Leading Dropshipping Automation Tool AutoDS
- Fiverr launches summer product release
- Fiverr Shows Its Transformation From a Services Marketplace to a Hiring Platform With Its 2024 Summer Product Release
- Fiverr to Release Second Quarter 2024 Results on July 31, 2024
- Fiverr Unveils Breakthrough Achievement Recognition Celebrating Freelancers Who Surpassed $1 Million in Revenue
