With the pandemic forcing many of us to work from home, Fiverr (FVRR) is thriving.
Fiverr operates an online marketplace worldwide.
Its platform enables sellers to sell their services and buyers to buy them. The company’s platform includes approximately 200 categories in 8 verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, and lifestyle. Its buyers include businesses of various sizes, as well as sellers comprise a group of freelancers and small businesses.
Growth is only accelerating for Fiverr, as business around the world hunt for freelancers.
“A lot of businesses are taking this opportunity to move from offline to online. I don’t think that this is going away,” said CEO Micha Kaufman in a Q1 earnings call. “What we’re seeing from our data right now is very consistent with a very resilient activity of our customers across all cohorts, including new ones.”