Yes it's a declining business, 13 percent decrease in users year over year, about the same in revenue guidance. Not great.
But I mean 373m MC against 411m in cash and cash equivalents net of debt, 57m in buybacks authorized. I just love negative valued business (like being paid to take a business).
I went absolutely yolo with another stock oddity who 2 weeks ago was 670m cash against 540m mc (now 720mc), so I'm loving these negative value situations.
The question isn't will fiverr grow its historical 8 to 10 percent with 20 percent take rate, but even a repivot to a more modest business where AI has killed the high volume easy tasks and they have to upscale to more complex implementations means pretty guaranteed upside.
Not quite ready to buy, just throwing this out there.