Fiverr reported solid second-quarter 2025 results, with total revenue reaching $108.6 million, up 14.8% year-over-year. The growth was driven primarily by AI-related services, the strong performance of Fiverr Pro’s Managed Services, and a substantial 83.8% increase in services revenue. Despite a decline in active buyers, spend per buyer rose nearly 10%, reflecting a shift toward higher-value transactions. Fiverr reaffirmed its full-year guidance, citing disciplined execution and expanding demand for AI-driven and upmarket services.

• Strong Q2 results: We delivered solid execution across Marketplace and Services segments, together with continued operational discipline. Marketplace revenue was led by strong growth across AI-related categories and continued momentum of Fiverr Pro’s Managed Services, while the Services segment contributed to revenue upside, driven by cross-sell and upsell opportunities of value-added services.


• Rapid AI category expansion: AI-related services are booming, with surging demand especially around AI agents, workflow automation and vibe coding. Businesses of all sizes turn to freelancers on Fiverr to bridge the gap between AI technology and implementation.


• Continued momentum for Managed Services: Fiverr Pro’s Managed Services is showing meaningful growth, driven by demand for high-value, larger transactions. Execution on full-scope projects with new high spenders and repeat clients remains solid, with more deals steadily coming in this quarter. Managed Services continues to be a key driver of upmarket expansion.


• Reiterating full year guidance: We are reiterating our revenue and Adjusted EBITDA guidance for 2025 as we continue to drive solid execution towards the goals and roadmap set at the beginning of the year, while operating with the highest level of discipline and efficiency.

NEW YORK, July 30, 2025 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE: FVRR), the company that is transforming the way the world creates and works together, today reported financial results for the second quarter of 2025. Additional operating results and management commentary can be found in the Company’s shareholder letter, which is posted to its investor relations website at investors.fiverr.com.

“AI continues to be a power driver for everything we do, from rapid catalog expansion around AI-related services, to enabling transformative customer experiences, or driving workflow automation within Fiverr. Together with our continuous efforts in going upmarket, we are seeing encouraging growth trends for certain key verticals and high-value transactions,” said Micha Kaufman, founder and CEO of Fiverr. “As AI continues to reshape how work is done, our freelancers are playing a crucial role in helping our customers navigate the rapidly changing technology landscape, and turning AI tools into real world business impact. We are uniquely positioned at the intersection of human and AI, making us the go-to platform for AI expertise.”

"We delivered strong Q2 results as we continue to take a balanced approach between growth and profitability. Growth and innovation remain a top priority for us, especially at a time when AI is unlocking opportunities across almost every discipline. At the same time, we are committed to and confident in delivering our long-term targets for Adjusted EBITDA and free cash flow,” said Ofer Katz, President and CFO of Fiverr. “Our outlook demonstrates our confidence in execution while remaining mindful of a dynamic macro environment.”

Second Quarter 2025 Financial Highlights

• Revenue in the second quarter of 2025 was $108.6 million, compared to $94.7 million in the second quarter of 2024, an increase of 14.8% year over year.


• Marketplace revenue in the second quarter of 2025 was $74.7 million, compared to $76.2 million in the second quarter of 2024, a decline of 2.0% year over year.


• Annual active buyers¹ as of June 30, 2025, were 3.4 million, compared to 3.8 million as of June 30, 2024, a decline of 10.9% year over year.


• Annual spend per buyer¹ as of June 30, 2025, reached $318, compared to $290 as of June 30, 2024, an increase of 9.8% year over year.


• Marketplace take rate¹ for the twelve months period ended June 30, 2025, and 2024 was 27.6%.


• Services revenue in the second quarter of 2025 was $34.0 million, compared to $18.5 million in the second quarter of 2024, an increase of 83.8% year over year.


• GAAP gross margin in the second quarter of 2025 was 81.2%, a decrease of 190 basis points from 83.1% in the second quarter of 2024. Non-GAAP gross margin¹ in the second quarter of 2025 was 84.5%, an increase of 10 basis points from 84.4% in the second quarter of 2024.


• GAAP net income in the second quarter of 2025 was $3.2 million, or $0.09 basic net income per share and diluted net income per share, compared to $3.3 million GAAP net income, or $0.09 basic net income per share and $0.08 diluted net income per share in the second quarter of 2024.


• Non-GAAP net income¹ in the second quarter of 2025 was $27.4 million, or $0.75 basic non-GAAP net income per share¹ and $0.69 diluted non-GAAP net income per share¹, compared to $23.8 million non-GAAP net income¹, or $0.63 basic non-GAAP net income per share¹ and $0.58 diluted non-GAAP net income per share¹, in the second quarter of 2024.


• Net cash provided by operating activities in the second quarter of 2025 was $25.2 million, compared to $21.0 million in the second quarter of 2024, an increase of 20.2% year over year.


• Free cash flow¹ in the second quarter of 2025 was $25.0 million, compared to $20.7 million in the second quarter of 2024, an increase of 21.1% year over year.


• Adjusted EBITDA¹ in the second quarter of 2025 was $21.4 million, compared to $17.8 million in the second quarter of 2024. Adjusted EBITDA margin¹ was 19.7% in the second quarter of 2025, compared to 18.9% in the second quarter of 2024, representing an 80 basis points improvement year over year.

Financial Outlook

Our Q3’25 and full-year 2025 guidance reflect the recent trends in our marketplace.


Conference Call and Webcast Details

Fiverr’s management will host a conference call to discuss its financial results on Wednesday, July 30, 2025, at 8:30 a.m. Eastern Time. A live webcast of the call can be accessed from Fiverr’s Investor Relations website. An archived version will be available on the website after the call. To participate in the conference call, please register using the link here.

About Fiverr

Fiverr’s mission is to transform the way the world creates and works together. We’re shaping the future of work with the world’s leading open platform, seamlessly connecting top talent and cutting-edge technology with businesses around the globe. From expert freelancers in over 750 skilled categories to best-in-class GenAI models and agents, Fiverr provides the most advanced and comprehensive talent and tools for digital services—helping businesses get mission-critical projects done fast and cost-effectively.

From small businesses to Fortune 500 companies, millions trust Fiverr for projects in software and AI development, digital marketing, finance, business consulting, video animation, music, architecture, and more.

¹ See “Key Performance Metrics and Non-GAAP Financial Measures” and reconciliation tables at the end of this release for additional information regarding the non-GAAP metrics and Key Performance Metrics used in this release.

Learn how to future-proof your business with exceptional talent and cutting-edge tools at fiverr.com. Follow us on LinkedIn, Instagram, TikTok, and Facebook.