Monitor Q4 2026 revenue guidance of $80M-$86M (down 20%-25% YoY) and the pace of marketplace traffic erosion from AI-driven search changes. The raised FY 2026 guidance suggests near-term Services segment momentum, but the structural marketplace headwinds and 2027 margin pressure warning are the dominant signals.
Price Chart
Executive Summary
Fiverr reported Q3 2026 revenue of $90.9M, down 15.8% YoY, and GAAP EPS of $0.03, down from $0.15 a year ago. The headline numbers missed consensus estimates of $83.8M revenue and $0.30 EPS, but the company raised its full-year 2026 revenue guidance to $374M-$380M, citing strength in the Services segment (AutoDS) and cost discipline, while warning of steeper marketplace traffic declines from AI-driven search disruption through 2027.
Key Financial Metrics
Key Facts
- Q3 2026 revenue was $90.9M, down 15.8% YoY from $107.9M.
- GAAP diluted EPS was $0.03, down from $0.15 in Q3 2025.
- Non-GAAP diluted EPS was $0.43, down from $0.77 in Q3 2025.
- Marketplace revenue fell 24.7% YoY to $55.4M; annual active buyers declined 25.8% to 2.4 million.
- Services revenue grew 3.4% YoY to $35.5M.
- Adjusted EBITDA margin fell 640 bps YoY to 16.0%.
- Operating cash flow declined 67.6% YoY to $9.5M; free cash flow fell 67.8% to $9.4M.
- FY 2026 revenue guidance raised to $374M-$380M (from prior), implying Q4 2026 revenue of $80M-$86M (down 20%-25% YoY).
- Management expects steeper marketplace traffic decline through 2027 due to AI-driven search disruption.
- Chief Business Officer Jinjin Qian stepped down; search for successor underway.
Financial Impact
Revenue decline of 15.8% YoY ($90.9M vs $107.9M); GAAP net income fell 77% YoY to $1.3M; operating cash flow down 67.6% to $9.5M.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Marketplace | $55.4M | -24.7% |
| Services | $35.5M | +3.4% |
Risk Factors
- Persistent AI-related disruption to traditional SEO/SEM driving steeper marketplace traffic declines through 2027.
- Downward pressure on 2027 Adjusted EBITDA margin as cost reductions are offset by demand and traffic headwinds.
- Leadership transition risk with CBO departure and interim operational structure.
- Annual active buyers declined 25.8% YoY, indicating ongoing user attrition.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-004897 |
| Document: zk2636286.htm | 0001178913-26-004897 |
| Document: 0001178913-26-004897-index-headers.html | 0001178913-26-004897 |
| Document: 0001178913-26-004897-index.html | 0001178913-26-004897 |
| Document: 0001178913-26-004897.txt | 0001178913-26-004897 |
| 6-K Earnings Context (Synthetic) | 0001178913-26-004897 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 6-K | No price | awaiting T+1 | awaiting T+1 | No price |
Oct 29, 2026 3d ago | Press Release | $9.05 $8.39 | ▲ +7.29% | ▲ +5.52% | $8.39 (+7.29%) |
Jul 29, 2026 13w ago | Press Release | $9.21 $9.18 | ▲ +0.33% | ▲ +2.00% | $8.39 (+8.90%) |
Jul 8, 2026 16w ago | Press Release | $10.87 $10.92 | ▲ +0.46% | ▼ −0.39% | $8.39 (−22.82%) |
Jun 2, 2026 21w ago | 144 | $10.07 $10.28 | ▼ −2.09% | ▼ −1.69% | $8.39 (+16.68%) |
Jun 2, 2026 21w ago | Insider Cluster | $10.07 $10.28 | ▲ +2.09% | ▲ +1.71% | $8.39 (−16.68%) |
Jun 2, 2026 21w ago | Insider Cluster | $10.07 $10.28 | ▲ +2.09% | ▲ +1.71% | $8.39 (−16.68%) |
Jun 2, 2026 21w ago | Insider Cluster | $10.07 $10.28 | ▲ +2.09% | ▲ +1.71% | $8.39 (−16.68%) |
Jun 2, 2026 21w ago | Insider Cluster | $10.07 $10.28 | ▲ +2.09% | ▲ +1.69% | $8.39 (−16.68%) |
Jun 2, 2026 21w ago | Insider Cluster | $10.07 $10.28 | ▲ +2.09% | ▲ +1.68% | $8.39 (−16.68%) |
US Market Status
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