Fiverr's core marketplace connects freelancers with buyers for services like design, writing, programming, and marketing. Revenue ~$431M with $103M FCF ($92M EBITDA). Active buyers declining from 4.2M peak to ~3.5M. Spend per buyer rising to ~$300. The market values the operating business at less than one year of FCF, pricing near-certain AI disruption.
Revenue approximately $431M with EBITDA of $92M and free cash flow of $103M