We see older cohorts continuing to spend more today versus pre-COVID and we continue to attract a significantly larger amount of new buyers to our market base every quarter compared to our pre-COVID. Our market base scaled up significantly during the COVID years and most of that gain continues to hold today. Active buyers were 4.2 million, up 6% year-over-year and spend per buyer was $259, up 14% year-over-year. We are encouraged however that Fiverr continues to serve as a backbone for millions of businesses to connect and engage with freelancers. This trickled through to the overall demand for freelancer spending. Geopolitical volatility, spiking inflation, and elevated energy prices meant that spending power of consumers and SMBs was impacted more than expected. We continue to see a rapid consumer and SMB sentiment shift amidst the challenging global macro environment. In the second quarter of 2022 Fiverr delivered revenue of $85 million representing the year-over-year growth of 13%. Good morning everyone and thank you for joining us today. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures are provided in the earnings release we issued today and our shareholder letter, each of which is available on our website at .Īnd now, I will turn the call over to Micha. A discussion of some of the important risk factors that could cause actual results to differ materially from any forward-looking statements can be found under the Risk Factors section in Fiverr’s most recent Form 20-F and other filings with the SEC.ĭuring this call, we’ll be referring to some non-GAAP financial measures.
YOUTRACK AGILE BOARD UPDATE
Joining me today on the call is Micha Kaufman, Founder and CEO, and Ofer Katz, President and CFO.īefore we start, I would like to remind you that during this call we may make forward-looking statements and that these statements are based on our current expectations and assumptions as of today and Fiverr assumes no obligation to update or revise them. Thank you for joining us on Fiverr’s earnings conference call for the second quarter ended June 30, 2022. Thank you, operator, and good morning everyone. I'll now hand over to your host, Jinjin Qian, Head of Investor Relations to begin. You will have the opportunity to ask a question at the end of the presentation. My name is Charlie and I will be coordinating the call today. Hello, everyone, and welcome to the Fiverr Q2 Fiscal 2022 Earnings Conference Call. Nat Schindler - Bank of America Merrill Lynch Ofer Katz - President and Chief Financial Officer
Micha Kaufman - Co-Founder and Chief Executive Officer Jinjin Qian - Vice President, Strategic Finance ( NYSE: FVRR) Q2 2022 Earnings Conference Call Aug8:30 AM ET
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