Tech
Fiverr revenue falls 10% to $97.8 million
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- Fiverr (NYSE:FVRR) reported a 10% revenue decline as AI adoption reduced demand for lower-value marketplace work.
- GAAP net income rose to $4.5 million, while shares remained unchanged at $11.59 before pre-market trading opened.
- Fiverr is shifting toward larger projects after clients completing $1,000-plus work increased 13% year over year.
Fiverr (NYSE:FVRR) reported Q2 2026 revenue of $97.8 million, down 10%, as AI adoption pressured lower-value marketplace work.
Marketplace revenue fell 15.5% to $63.1 million, while services revenue increased 2% to $34.6 million.
“This is a multi-quarter transformation, and our priority is to execute with discipline,” said Fiverr founder and CEO Micha Kaufman.
Annual active buyers fell 21.9% to 2.7 million, while spend per buyer rose 15.6% to $368 and net income reached $4.5 million.
Following the announcement, Fiverr's share price was unchanged at $11.59 before pre-market trading opened.
Fiverr now expects 2026 revenue of $356–$372 million and adjusted EBITDA of $52–$62 million as AI-related weakness continues.
The company is shifting toward higher-value work, with $1,000-plus projects up 13% and its Knowledge Graph matching system now deployed.
