Fiverr International Ltd. reported third-quarter revenue of $90.9 million. This marks a 15.8% decrease year-over-year. The figure surpassed analyst estimates of $84 million. The company posted non-GAAP diluted earnings per share of $0.43. This beat the consensus expectation of $0.29. GAAP net income reached $1.3 million, or $0.03 per share.
A 24.7% drop in marketplace revenue drove the decline. Annual active buyers fell by 25.8% to 2.4 million compared to the prior year. A 12.9% increase in annual spend per buyer partially offset this. Annual spend per buyer reached $373. The company cited challenges from AI-related disruption to traditional search engine traffic.
Fiverr raised its financial guidance for the full fiscal year 2026. This reflects disciplined cost management and growth in its services segment. The company forecasts fourth-quarter revenue between $80 million and $86 million. This figure is above market expectations.