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Fiverr Announces First Quarter 2020 Results

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First Quarter 2020 Results from Fiverr

NEW YORK-- May 7, 2020 -- Fiverr International Ltd. (NYSE: FVRR), the company that is changing how the world works together, today reported financial results for the first quarter of 2020 ended March 31, 2020. Complete operating results and management commentary can be found by accessing the Company's shareholder letter posted to its investor relations website at investors.fiverr.com.

- Delivered strong revenue growth of 44% y/y in Q1'20, above prior guidance range, with accelerating growth continued into April across all annual cohorts

- Continued growth momentum across all key metrics, with active buyers increasing 17% y/y, spend per buyer increasing 18% y/y, and take rate increasing 90 basis points y/y

- Added over 30 new categories in Q1'20 and experienced accelerating growth across all verticals in April

- Launched Promoted Gigs in five categories, and early results show over 80% adoption rate and nearly 100% retention rate among invited sellers

- Furthered the progress of international expansion with the launch of fr.fiverr.com and the rollout of localized user generated content. Revenue from non-English speaking countries now represents 32% of total revenue, up from approximately 30% in 2019

- Provided Q2'20 guidance and revised FY20 guidance upward - revenue is now expected to grow 37-41% y/y in Q2'20 and 36-38% for FY20 as global shelter-in-place provided strong tailwind for our business

For more info, please visit: https://investors.fiverr.com/press-releases/press-releases-details/2020/Fiverr-Announces-First-Quarter-2020-Results/

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