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Fiverr Announces Third Quarter 2021 Results

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Company introduces results for Q3 2021

NEW YORK--November 10, 2021-- 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."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

For more information, please visit: https://investors.fiverr.com/press-releases/press-releases-details/2021/Fiverr-Announces-Third-Quarter-2021-Results/

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Fiverr's mission is to revolutionize how the world works together. We exist to democratize access to talent and to provide talent with access to opportunities so anyone can grow their business, brand, or dreams. From small businesses to Fortune 500, over 4 million customers worldwide worked with freelance talent on Fiverr in the past year, ensuring their workforces remain flexible, adaptive, and agile. With Fiverr's Talent Cloud, companies can easily scale their teams from a talent pool of skilled professionals from over 160 countries across more than 550 categories, ranging from programming to 3D design, digital marketing to content creation, from video animation to architecture.

Fiverr companies include ClearVoice, CreativeLive, Working Not Working, SLT Consulting and Stoke Talent. Don't get left behind - come be a part of the future of work by visiting fiverr.com, read our blog, and follow us on Twitter, Instagram, and Facebook.