Fiverr Stock Falls Sharply After Disappointing Q2 Results and Guidance Cut
Shares of Fiverr International (NYSE: FVRR) fell by nearly 20% after the company reported second-quarter results that missed Wall Street's expectations. Revenue declined to $97.8 million, down from $108.6 million a year ago and below analysts' forecast of $99.8 million. Adjusted earnings also came in at $0.50 per share versus an expected $0.52. Investors have been increasingly concerned about the impact of AI on Fiverr's business model, as many freelance tasks could be automated or replaced by artificial intelligence tools. CEO Micha Kaufman acknowledged these challenges and mentioned a strategic shift toward higher-value projects to adapt to this changing landscape. Fiverr also cut its full-year 2026 revenue guidance from $400 million to $364 million, while adjusted EBITDA is now expected at $57 million instead of the previous target of $72 million. The stock has already declined by about 63% over the past year.
Tickers: $FVRR