While 2020 may be one of the most challenging years for business in recent history, some companies are emerging from the crisis smelling of roses. A little more than a year after going public on the New York Stock Exchange (NYSE), freelancer marketplace Fiverr is launching a new platform aimed at helping larger businesses manage and collaborate around freelancer-powered projects.
The Israeli company’s shares began a rapid ascent right around the time the world went into lockdown, growing to more than $124 million today — nearly six times their value in mid-March. This also correlated with Fiverr’s vital stats, which saw its “active buyers” grow 12% from April to June, compared to a typical quarter-on-quarter (QoQ) rise that sits closer to 5%. Moreover, Fiverr’s revenue jumped 38% to $47.1 million, culminating in the company finally becoming profitable for the first time — a full year ahead of its previous estimates.