Upwork:Quarterly Results/2023 Q1: Difference between revisions

Upwork:Quarterly Results/2023 Q1 (view source)

1,245 bytes added , 24 April 2023

6,575

edits

@@ Line 105: / Line 105: @@
 === Fiverr ===
+==== Management Guidance ====
+===== Q1 2023 =====
+* Fiverr's Q1 2023 guidance reflects the challenging macroenvironment "where SMBs are more cautious towards spending and investments."<ref name=":1">https://s23.q4cdn.com/749308338/files/doc_financials/2022/q4/Q4'22-Fiverr-Shareholder-Letter.pdf</ref>
+{| class="wikitable"
+|+
+!Key Items
+!Lower Point
+!Y/Y
+!Mid Point
+!Y/Y
+!Upper Point
+!Y/Y
+|-
+|Revenue
+|$86.5 million
+| -0.23%
+|$87.5 million
+|0.92%
+|$88.5 million
+|2.07%
+|-
+|Adjusted EBITDA
+|$9.0 million
+|
+|$9.75 million
+|
+|$10.5 million
+|
+|}
+===== 2023 =====
+* Regarding the 2023 guidance, the company said, "we expect Q1’23 to be the most challenging quarter in terms of year over year growth rate, due to the comparison to Q1’22 when growth was minimally impacted by macro headwinds."
+* It added that they forecast year over year growth rate to increase over the course of 2023 while adding that they " expect to exit 2023 with double digit revenue growth rate at midpoint."<ref name=":1" />
+{| class="wikitable"
+!Key Items
+!Lower Point
+!Y/Y
+!Mid Point
+!Y/Y
+!Upper Point
+!Y/Y
+|-
+|Revenue
+|$350.0 million
+|3.86%
+|$357.5 million
+|6.08%
+|$365.0 million
+|8.31%
+|-
+|Adjusted EBITDA
+|$45.0 million
+|
+|$50.0 million
+|
+|$55.0 million
+|
+|}
 == References ==