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Month: November 2020

Fiverr: Explosive Growth with a Bright Future

Fiverr has climbed 678% this year. In this analysis, we examine if the growth can continue in the short-term and also post-COVID.  Specifically, our research shows that Fiverr is leading its industry and outpacing its primary competitor, Upwork.  We look into why this might be and what the future could look like. Background: Fiverr’s platform transforms the traditional freelancer staffing model into an e-commerce-like transaction.  The company’s model is known as a Service-as-a-Product (SaaP) offering, where sellers can list their services in over 300 different categories and buyers can easily find and purchase these services with the click of a…

Tech Growth Earnings Review for Q3 2020 – Part 2

In the second part of my Q3 2020 tech earnings review series, I covered Roku, Square, The Trade Desk, Datadog and JFrog. Roku Roku reported Q3 earnings on November 5th. The 73% year-over-year revenue growth the company announced was 23% above consensus expectations. Gross profit rose 81% YoY while gross margin rose 216 basis points in total to 47.6%. Roku added 2.9M active accounts in the quarter (+43% YoY). Total streaming hours increased by 0.2 billion hours over the last quarter to 14.8B (+54% YoY), while ARPU grew 20% YoY to $27. Roku was a beneficiary of the rebound in…

Tech Growth Earnings Review for Q3 2020

In my latest Forbes article, I covered the Q3 results for Big Tech earnings. Each company beat on both the top and bottom lines. Other than Alphabet, they are all trading down after-hours following these results as the market digests the magnitude of the beats, and in Apple’s case, the lack of guidance. Snap: Snap reported Q3 results on October 20th, beating both the top and bottom lines. The ongoing recovery of advertising budgets helped to boost Snap’s revenue growth to 52% YoY in Q3, which now sits just below the 58% pre-COVID growth rate the company recorded during Q1.…