FVRR reports $97.8M revenue and $0.50 EPS for Q2, missing estimates as cash flow declines sharply year-over-year.
Fiverr International reported second-quarter non-GAAP earnings per share of $0.50, missing estimates by $0.02. Revenue reached $97.8 million, down 9.9% year-over-year and $1.93 million below expectations.
The company’s net cash from operating activities dropped to $13.8 million from $25.2 million in the same period last year. The results prompted an update to its full-year outlook, reflecting weaker-than-anticipated performance.
Shares may face pressure as investors digest the miss and reduced guidance amid broader macroeconomic challenges.