Q4 2019 Earnings Call
piss off
Dead dead dead.
Okay.
Good day and welcome to the fiber Q for fiscal 2019 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a specialist by pressing the star key followed by zero after today's presentation. There will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over Jin Jin Chen, please go ahead.
Thank you operator and good morning. Ladies and gentlemen, thank you for joining us on fibers earnings conference call for the fourth quarter ended December 31st 2019. Please know that this call is being webcast on the investor relations section of the company's website for details about results an additional management commentary are available, you know shareholder letter which can be found on our relations section of our website at investors.
Give me today on the call are mija Kaufman founder and CEO and offer cat CFO. Before we start I would like to remind you that certain matters discussed today are or were looking statements that are subject to risks and uncertainties relating to future events and or the future financial performance of fiber.
Actual results could differ materially from those anticipated in these forward-looking statements.
Additional information that could cause actual results to differ from forward-looking statements can be found in fibers periodic public filings with the Securities and Exchange Commission, including those factors discussed under the risk factors section in fiber final perspective under rule four to four be filed with the SEC.
The forward-looking statements in this conference call are based on the current expectations as of today and fiber assumes no obligation to update or revise them whether as a result of New Jersey Department or otherwise and now I will turn the call over to my house.
Jin Jin good morning everyone and thanks for taking the time to join us on the call today 2019 was a fantastic year for fiber. We delivered three consecutive order is of consistent and strong financial results as a new public company.
This exceeded the aggressive goals that we set at the time of the IPO for the full year Revenue grew 42% year-over-year our ebitda margin improved by nearly Eleven Hundred basis points. This is even more impressive when we consider the pace of our product launches throughout the year and the scaling of operations is a public company the company that delivers on its promises and we have a solid business model with high levels of consistent buyer Behavior. The freelance economy is growing rapidly around the world fiber is enabling and harnessing this momentum. Our business model is seen as a simple and beautiful two-sided Marketplace.
we are at the
G company at Corps and we had an amazing year product innovation in 2019 from fiber and learn which directly connects learning with work opportunites fiber Studios that enables virtual collaboration among our skills answers to the recent fiber logo maker that puts the power of into the hands of our desire community.
We made some bold strategic beds that reimagine how work can be done on our platform user response to these initiatives have been strong and you should anticipate continued Innovation from fiber in the Years.
Our continued investment in quality matching and improving the buyer and seller experience as also paid off this accelerated momentum in the second half of the Year month. We also executed well against both our category in international expansion strategy during the year. We don't over 100 new categories in seven new Industries took this served as a strong engine for pushing top of funnel growth and it provides our existing customers with many reasons to explore our new home options and return to buy more.
2019 we expanded our teams footprint in the UK and in Germany, our market-based has always been Global. However, having a team on the ground chuck executes look localized product and marketing strategies combined with our enhanced ability to transact in multiple currencies puts us into a completely different level and we are already enjoying these benefits.
As we kick-off 2020 we will continue to execute on our growth strategies growing our buyer base going upmarket expanding categories innovating our product and international expansion. We're currently focused on several areas that we are very excited about and I would like to highlight a few of them now.
first
He's International expansion and seen now our website was only in English, but that is changing a few days ago. We launched our first off localized sites d e. Fiber for German language speakers and e s. Fiber.com for Spanish language speakers.