Fiverr: Q1 Earnings Snapshot

May 11, 2022 GMT

TEL AVIV, Israel (AP) _ Fiverr International Lt. (FVRR) on Wednesday reported a loss of $17 million in its first quarter.

On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 46 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 11 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The online marketplace for freelance services posted revenue of $86.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $86.4 million.

For the current quarter ending in July, Fiverr said it expects revenue in the range of $86 million to $87.5 million.

The company expects full-year revenue in the range of $345 million to $365 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FVRR at https://www.zacks.com/ap/FVRR