Fiverr earnings and revenue fell in the third quarter of 2026 as marketplace sales declined, but the company raised its full-year outlook following stronger-than-expected services performance. Revenue fell 15.8% from a year earlier to $90.9 million, Fiverr said on October 29.
Key Takeaways
- Annual active buyers fell to 2.4 million, while annual spending per buyer rose to $373.
- Fiverr expects full-year revenue of $374 million to $380 million and adjusted EBITDA of $61 million to $65 million.
- The company expects marketplace traffic to decline more steeply than previously anticipated through 2027.
Fiverr earnings and marketplace results
Third-quarter marketplace revenue fell 24.7% to $55.4 million from $73.6 million a year earlier. Services revenue rose 3.4% to $35.5 million from $34.3 million.
Annual active buyers declined 25.8% to 2.4 million as of September 30, 2026, while annual spend per buyer increased 12.9% to $373. Projects worth at least $1,000 represented 16% of the gross order amount for completed projects over the trailing 12 months.
GAAP net income declined to $1.3 million, or $0.03 per diluted share, from $5.5 million, or $0.15 per diluted share. Adjusted EBITDA fell to $14.5 million from $24.2 million, and its margin narrowed to 16.0% from 22.4%.
Fiverr generated $9.5 million in operating cash flow and $9.4 million in free cash flow during the quarter. It ended the period with $316.2 million in cash, cash equivalents, deposits and marketable securities.
| Item | Details |
|---|---|
| Fourth-quarter 2026 revenue guidance | $80 million–$86 million |
| Fourth-quarter 2026 adjusted EBITDA guidance | $6 million–$10 million |
| Full-year 2026 revenue guidance | $374 million–$380 million |
| Full-year 2026 adjusted EBITDA guidance | $61 million–$65 million |
Raised outlook and traffic pressures
Fiverr said it raised its 2026 guidance after third-quarter results exceeded its prior forecast. The company attributed the strength primarily to its services segment, including AutoDS and e-commerce expansion, alongside expense management.
Management said those positive factors were partly offset by ongoing marketplace demand and search-traffic headwinds. It expects the shift from traditional search to AI-driven discovery to cause a steeper decline in marketplace traffic through 2027 than previously anticipated.
Fiverr also expects lower operating expenses year over year in 2027, but said demand and traffic pressures would put downward pressure on its adjusted EBITDA margin.
AI investment and leadership change
Fiverr said it is investing in its platform, including talent matching and the expansion of its Mira AI headhunter. The company says Mira's talent-shortlisting process turns a customer's requirements into a job description, contacts relevant talent and provides a shortlist.
Chief Business Officer Jinjin Qian stepped down after deciding not to relocate to Israel. Fiverr said the search for an Israel-based successor was well advanced. CEO Micha Kaufman and CFO Esti Levy-Dadon are overseeing operations in the interim, with Levy-Dadon taking on an expanded operational role.
Next milestone
Fiverr plans to provide full 2027 financial guidance when it reports fourth-quarter results in 2027.
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