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Fiverr Shares Plunge Over 16% as AI Cuts Revenue and Customer Base

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Globes · 4 hours ago

What happened

Fiverr's stock fell over 16% after reporting a 10% revenue drop and a 22% decline in active customers due to AI replacing many freelance services. The company lowered its full-year revenue forecast and is shifting focus to larger projects requiring human input amid ongoing market challenges.

01Fiverr's Q2 revenue fell 10% to $97.8 million, missing expectations.
02Active customers declined 22% to 2.7 million due to AI replacing services.
03Cash flow from operations dropped 45% to $13.2 million.
04Q3 revenue forecast cut to $80-$88 million, down over 20% year-over-year.
05Full-year revenue guidance lowered by about 15% to $356-$372 million.
06Fiverr is shifting focus to larger, human-involved projects amid AI disruption.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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Micha Kaufman