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fiverr . Fiverr Announces Third Quarter 2021 Results November 10 , 2021 1:00 PM EST • Strong results across all metrics : Q3'21 revenue grew 42 % y / y , driven by 33 % y / y growth of active buyers , 20 % y / y of spend per buyer and continued improvement of take rate , underscoring the strength and resilience of our business • Acquisition of Stoke Talent and CreativeLive : We made two acquisitions in Q4 that mark important investments towards our long - term vision of the future of work , where we empower businesses to implement a multi - channel freelancer strategy and support freelancers with all aspects of their lifestyles • Launch of Fiverr Workspace : We completed the first phase of the AND.CO integration and rebranded it to Fiverr Workspace , aiming to provide an all - in - one solution for freelancers to manage their business • Launched new brand campaign : Launched new brand campaign “ Something from Nothing " on TV and digital channels in the U.S. , U.K. , Australia and Germany • Published our first ESG report : Our ESG report details how Fiverr plans to empower our community of buyers and sellers through technology and create positive social , economic , and environmental impact • Expecting a strong finish to the year : Fiverr expects business momentum to continue and is updating guidance for 2021 with 54-56 % revenue growth NEW YORK -- ( BUSINESS WIRE ) -- Fiverr International Ltd. ( NYSE : FVRR ) , the company that is changing how the world works together , today reported financial results for the third quarter of 2021. Complete operating results and management commentary can be found in the Company's shareholder letter which is posted to its investor relations website at investors.fiverr.com . " Fiverr delivered a strong third quarter as we saw revenue growth of 42 % y / y . We are also making exciting progress towards our long - term vision of the future of work with the acquisitions of CreativeLive and Stoke Talent , further strengthening our value proposition to increase market share in our massive TAM , " said Micha Kaufman , Fiverr's Founder and CEO , " I'm also thrilled to announce the launch of our new brand campaign , which deeply resonates with me and underscores our belief that anyone should have access to opportunities to pursue their dreams . " Ofer Katz , Fiverr's President and CFO , added , “ Fiverr continues to deliver strong financial results amidst the still uncertain backdrop of the pandemic . The underlying strength and scale of our business , together with secular trends towards digital transformation will drive long - term growth for the company . " Third Quarter 2021 Financial Highlights • Revenue in the third quarter of 2021 was $ 74.3 million , an increase of 42 % year over year . • Active buyers as of September 30 , 2021 grew to 4.1 million , compared to 3.1 million as of September 30 , 2020 , an increase of 33 % year over year . • Spend per buyer as of September 30 , 2021 reached $ 234 , compared to $ 195 as of September 30 , 2020 , an increase of 20 % year over year . • Take rate for the quarter ended September 30 , 2021 was 28.4 % , up from 27.0 % for the quarter ended September 30 , 2020 , an increase of 140 basis points year over year . • GAAP gross margin in the third quarter of 2021 was 83.3 % , a decrease of 10 basis points from 83.4 % in the third quarter of 2020. Non - GAAP gross margin in the third quarter of 2021 was 84.4 % , flat from 84.4 % in the third quarter of 2020 . • GAAP net loss in the third quarter of 2021 was ( $ 14.3 ) million , or ( $ 0.39 ) basic and diluted net loss per share , compared to ( $ 0.5 ) million , or ( $ 0.01 ) basic and diluted net loss per share , in the third quarter of 2020. Non - GAAP net income in the third quarter of 2021 was $ 7.7 million , or $ 0.21 basic net income per share and $ 0.19 diluted net income per share , compared to $ 4.7 million , or $ 0.13 basic net income per share and $ 0.12 diluted net income per share , in the third quarter of 2020 . • Adjusted EBITDA1 in the third quarter of 2021 improved to $ 7.3 million , compared to $ 4.2 million in the third quarter of 2020. Adjusted EBITDA margin was 9.8 % in the third quarter of 2021 , an improvement of 180 basis points from 8.0 % in the third quarter of 2020 . Financial Outlook We are introducing Q4'21 and raising our full - year 2021 guidance . Given the uncertainty of the ongoing impact and unprecedented conditions surrounding the COVID - 19 pandemic on economies globally , we will provide investors with updated business trends as they evolve : Revenue Year over year growth Adjusted EBITDA Q4 2021 $ 74.5 - $ 77.5 million 33 % -39 % y / y $ 5.5 - $ 7.0 million FY 2021 $ 292.4 $ 295.4 million 54 % -56 % y / y $ 19.5 - $ 21.0 million 1Adjusted EBITDA is a non - GAAP financial measure . See “ Key Performance Metrics and Non - GAAP Financial Measure " for additional information regarding this and other non - GAAP metrics used in this release . Conference Call and Webcast Details Fiverr will host a conference call to discuss its financial results on Wednesday , November 10 , 2021 , at 8:30 a.m. Eastern Time . A live webcast of the call can be accessed from Fiverr's Investor Relations website . An archived version will be available on the website after the call . Investors and analysts can participate in the conference call by dialing +1 ( 844 ) 200-6205 , or +1 ( 929 ) 526-1599 for callers outside the United States , and enter the passcode , 912489. A telephonic replay of the conference call will be available until Wednesday , November 17 , 2021 , beginning one hour after the end of the conference call . To listen to the replay please dial +1 ( 866 ) 813-9403 , or +44 ( 204 ) 525-0658 for callers outside the United States , and enter replay code 675131 . About Fiverr Fiverr's mission is to change how the world works together . Since 2010 , the Fiverr platform has been at the forefront of the future of work connecting