Fiverr 2nd Best Download Month, Streaming Prices, Food Stamps...
Here's the data...
Today's Data
• Fiverr sees strong downloads.
• Streaming companies shift to price increases.
• Food stamp app suggests a resilient economy.
Fiverr Finished Second Best App Download Month Ever, Generating +10m in 12 months.
We continue to track Fiverr app downloads for various purposes.
Firstly, our focus is on observing shifts in worker behavior, as we have the perspective that work will increasingly adopt specialized approaches rather than being of a generalist nature.
Secondly, considering our investment in Fiverr, we diligently follow their developments. The number of app downloads serves as a valuable indicator of the demand from both professionals seeking work opportunities and those in search of specific talents.
Over the last 12 months, Fiverr's app has accumulated over 10 million app downloads and is averaging roughly 800k a month. This average has been accelerating throughout the year, which aligns with Fiverr's earnings report recently where they forecast accelerating growth into year-end.
** Full disclosure, Avory is an investor in Fiverr at the time of this piece.
Streaming Economic Model Showing How Industries Evolve Over Time: Land Customers and Raise Prices.
Over the past decade or so we have witnessed a significant transformation in the methods of content delivery. We have shifted from traditional linear broadcasting to the prevalence of streaming platforms (think Netflix). The initial stage of streaming was characterized by its flexibility, allowing content consumption across a wide range of devices, and presenting consumers with an enticing dollar value proposition. Nonetheless, the cost associated with streaming has consistently risen beyond the initial "no brainer" price thresholds.
This upward trajectory in pricing aligns with the analysis of the financials of streaming companies, which have been marked by substantial cash outflows. This serves as a reminder that the dynamics within the industry, particularly thinking about pricing power is an important aspect of equity analysis. So far we are seeing pricing power take fold.
Food Stamp App Downloads Suggests Economic Activity Remains Firm.
We often look at app downloads for the EBT app as it is used to track food stamps. It is an indicator of economic weakness brewing.
You can see the spike in 2020 which was driven by massive and swift furloughs, along with a shift to digital.
Since then, however, there was a marked decline. The average monthly downloads in 2023 are 302k, vs 390k in 2022, 463k in 2021, and 259k in 2019.
Disclaimer: Not a recommendation to purchase or sell any securities mentioned. This is for educational purposes only.
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Disclaimer: Not a recommendation to purchase or sell any securities mentioned. This is for educational purposes only.