Fiverr International (NYSE:FVRR) shares jumped more than 18% on Wednesday after the company reported its Q4 earnings results, with EPS coming in at $0.29, beating the Street estimate of $0.18. Revenue was $83.1 million, slightly below the Street estimate of $83.44 million.
The print was somewhat mixed but a strong 2023 EBITDA guide-up appeared well-received by investors. 2023 estimates look somewhat de-risked, marketing expense discipline continues to improve and turns out maybe ChatGPT isn’t a headwind after all.
For Q1/23, the company expects revenue in the range of $86.5-88.5 million, compared to the Street estimate of $87.39 million. For the full year, the company expects revenue in the range of $350-365 million, compared to the Street estimate of $365.92 million.