h8 - Fiverr: AI Will Be a ‘Multiyear Tailwind for Us’

Fiverr: AI Will Be a ‘Multiyear Tailwind for Us’

Freelancer platform Fiverr says it is thinking long-term about its investments in artificial intelligence (AI).

“All in all, we believe AI will be a multiyear tailwind for us to drive growth and innovation,” CEO Micha Kaufman said in announcing quarterly and yearly earnings Thursday (Feb. 22). “In 2023, we also made significant investments in AI that drove improvements in our overall platform.”

The earnings report showed Fiverr bringing in quarterly revenue of $91.5 million, up 10.1% year over year. Yearly revenue came to $361.4 million, an increase of 7.1% year over year. The company’s active buyers dipped 5% during the quarter, from 4.3 million to 4.1 million. Spending per buyer climbed 6%, from $262 to $278. Read more about the study…

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