Option Millionaires

[jimmybob]

Fiverr cuts FY22 revenue view to $345M-$365M from $373M-$379M
FY22 consensus $377.24M. Cuts FY22 adjusted EBITDA view to $10M-$17M from $27M-$33M. "Our Q2'22 outlook and updated full year 2022 guidance reflects the recent trends in our marketplace given the increasing uncertainty in the macro environment. Our business trends in Europe have been particularly impacted by these macro headwinds. We are also providing a wider range of guidance than normal for both the top and bottom lines to reflect the wider range of outcomes that could result from the changing macro environment. Given the large opportunity ahead of us and our strong balance sheet, we do not expect to materially adjust our investment levels for the year. As a result, we expect a delayed pace in 2022 in progressing towards our long-term Adjusted EBITDA margin target of 25%. We remain committed to staying forthcoming and providing investors with updated business trends as they evolve."