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Fiverr cuts guidance as AI bites
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News - Globes
The changes in the market due to the emergence of AI are reflected in the second quarter 2026 financial results of software company Fiverr (NYSE: FVRR).
The results were in line with guidance that the company previously provided, but slightly lower than analysts' forecasts.
In a letter to investors, Fiverr founder and CEO Micha Kaufman described the second quarter as transitional.
Kaufman said: "Our second quarter results reflect a market that is changing faster than expected, driven by rapid AI adoption.
Fiverr CFO Esti Levy-Dadon added, "Our second quarter performance reflects the early stages of a significant transition, as we manage an accelerated shift in how rapid AI adoption impacts low-value, transactional work.