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Fiverr International (11V) AI Stock Analysis

DE:11V

Fiverr International

(Frankfurt:11V)

Rating:―N/A
Action:N/A
Date:―

No summary available

Positive Factors
Low leverage and liquidityA materially stronger balance sheet, minimal debt, and substantial liquidity give Fiverr flexibility to fund marketplace transformation while absorbing demand volatility. This reduces financial strain and preserves strategic options as the company invests in new acquisition channels and platform capabilities.
Negative Factors
Core marketplace contractionA sharp decline in marketplace revenue and active buyers weakens the core transaction engine that historically supports Fiverr’s fee-based model. Continued contraction can reduce network activity, limit cross-selling opportunities, and make growth increasingly dependent on newer services businesses.

Fiverr International (11V) vs. iShares MSCI Germany ETF (EWG)

-80%-60%-40%-20%0%20%DE:11V-59.39%EWG+4.43%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
EUR 301.63M
Dividend Yield
―
Average Volume (3M)
280
Price to Earnings (P/E)
11.7
Beta (1Y)
0.91
Revenue Growth
-10.81%
EPS Growth
8.32%
Country
Germany
Employees
528
Sector
Communication Services
Sector Strength
60
Industry
Internet Content & Information

Fiverr International Business Overview & Revenue Model

Company Description

Fiverr International Ltd. runs a global digital marketplace that connects service providers with clients seeking their expertise. This expansive platform hosts nearly 550 distinct service categories, organized into nine key verticals such as graphic...

Fiverr International Earnings Call Summary

Earnings Call Date:Oct 28, 2026(Q3-2026)|% Change Since:6.27%|Next Earnings Date:Feb 23, 2027
Earnings Call SentimentNeutral

The call was mixed. Fiverr materially beat Q3 revenue and adjusted EBITDA guidance, raised full-year guidance, reduced operating expenses, generated free cash flow, and reported encouraging early results from AutoDS, Mira, and AI-driven acquisition channels. However, the core marketplace continues to contract, with revenue down 24.7%, active buyers down 25.8% on a trailing 12-month basis, and management expecting worsening traffic pressure and downward pressure on 2027 adjusted EBITDA margin. The positive execution and transformation progress were balanced by significant current and forward-looking marketplace challenges.

Positive Updates

Q3 Revenue and Adjusted EBITDA Beat Guidance
Q3 revenue was $90.9 million, above the guided range of $80 million to $88 million. Adjusted EBITDA was $14.5 million, representing a 16% margin and coming in well above the company's guidance range. The outperformance was led by the services business, including AutoDS and e-commerce, together with tight cost management.

Negative Updates

Total Revenue Declined Year-over-Year
Q3 revenue was down 15.8% year-over-year, reflecting the continued shift away from low-value transactional work and pressure on search-driven traffic. The decline was partly offset by higher services revenue.

Company Guidance

Q3 revenue was $90.9 million, above the top end of the $80 million to $88 million range given in July, and adjusted EBITDA was $14.5 million, a 16% margin, above the prior range. For the full year 2026, Fiverr raised revenue guidance to $374 million to $380 million, up from $356 million to $372 million last quarter, and adjusted EBITDA guidance to $61 million to $65 million, a 16.7% margin at the midpoint, up from $52 million to $62 million last quarter. For the fourth quarter, it expects revenue of $80 million to $86 million and adjusted EBITDA of $6 million to $10 million, including continued strength from its e-commerce business, offset by the continued decline in marketplace traffic. The company expects the shift from search to AI-driven discovery to drive a steeper decline in marketplace traffic through 2027; while it anticipates lower year-over-year OpEx in 2027, the reduction is expected to be offset by ongoing traffic and demand headwinds, resulting in downward pressure on 2027 adjusted EBITDA margin, with full 2027 guidance to be provided on its fourth quarter call.

Fiverr International Risk Analysis

Fiverr International disclosed 1 risk factors in its most recent earnings report. Fiverr International reported the most risks in the "Legal & Regulatory" category.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Legal & Regulatory - Litigation, compliance, new legislation, and taxation risks

Latest Risks Added

0 New Risks

Fiverr International Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

DE:11V against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
YELPYELP72Outperform$1.04B9.0518.61%―1.50%-6.82%
ZDGEZDGE66Neutral$36.32M-127.87-0.53%3.08%7.58%93.70%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
ANGIANGI52Neutral$242.93M-1.09-25.18%―-8.83%-554.39%
GRPNGRPN47Neutral$640.48M-5.08212.18%―1.98%-1806.09%
SSTKSSTK45Neutral$152.96M-0.73-39.81%33.33%-10.81%-409.24%

* Communication Services Sector Average

Performance Comparison

-50%0%50%DE:11VANGIGRPNYELPSSTKZDGEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
DE:11V and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
DE:11VFiverr International7.71-11.62-60.10%
ANGIAngi Inc.5.99-7.06-54.10%
GRPNGroupon15.75-5.80-26.91%
YELPYelp Inc19.09-13.97-42.26%
SSTKShutterstock4.14-17.06-80.47%
ZDGEZedge Inc2.34-0.12-4.99%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.