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FVRR - Fiverr International News Story

$176.56 9.4  5.6%

Last Trade - 11/05/21

Sector
Technology
Size
Large Cap
Market Cap £4.24bn
Enterprise Value £4.19bn
Revenue £158.4m
Position in Universe 1255th / 6853

BUZZ-Fiverr International: Gains on raised 2020 revenue outlook

Thu 7th May, 2020 5:02pm
** Shares of online marketplace for freelancers  FVRR.N 
rise ~8% to $48.6 - set for best day in over two weeks
    ** Raises FY forecast to $145.5 mln-$147.5 mln from $139
mln-$141 mln vs Street est. of $141 mln - Refinitiv data
    ** Says stay-at-home orders amid COVID-19 provided strong
tailwind for its business; Active buyers on its platform rose
17% to 2.5 mln in Q1
    ** Expects Q2 rev between $35.5 mln and $36.5 mln vs est. of
$33.7 mln 
    ** Stock has more than doubled so far this year

 (Reporting by Ayanti Bera in Bengaluru)
 ((Ayanti.Bera@thomsonreuters.com; within U.S.+1 646 223 8780,
outside U.S. +91 80 6749 3401;))
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