Fiverr shifts to higher-value projects amid AI-driven market changes, Q2 revenue down 10%.

Fiverr reported a 10% year-over-year revenue decline to $97.8 million in Q2 2026, reflecting an accelerated shift in the freelance market due to rapid AI adoption. The company is repositioning towards higher-value, longer-duration projects as AI automates low-value tasks. Despite fewer active buyers, annual spend per buyer increased by 15.6%, and Fiverr generated $13.6 million in free cash flow. The company revised its 2026 outlook downward due to AI-related demand headwinds but remains focused on cost discipline and building a trusted platform for premium freelance work.