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Freelancer Limited (ASX:FLN)

ALERT: Price-sensitive ASX Announcement for FLN
Current share price for FLN : $0.110 0.01 (10%)+
Announcement
Release
28 Jul 2026 8:28AM
Price at Release
$0.100
Full Release
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Summary
Freelancer Limited reported mixed results for the first half of 2026. The company's Gross Marketplace Value (GMV) rose by 30.9% to A$574.6 million, driven by Escrow.com and Loadshift, while revenue fell by 12.1% to A$23.9 million. The Freelancer marketplace experienced a decline due to platform integrity controls, organic search disruption, and payment acceptance issues. Escrow.com saw significant growth with a GMV increase of 39.0% and a revenue rise of 15.1%. Loadshift also delivered record results with GMV up 9.6% and revenue up 12.2%. Freelancer remains debt-free with A$17.9 million in cash, and has implemented AI initiatives and platform improvements to address current challenges and enhance future performance. The company expects to realize the benefits of these initiatives over the second half of 2026 and into fiscal year 2027.
Key Points
  • Gross Marketplace Value up 30.9% to A$574.6 million
  • Revenue declined 12.1% to A$23.9 million
  • Freelancer marketplace GMV declined 20.3%
  • Escrow.com GMV increased 39.0%
  • Loadshift delivered record revenue and GMV
  • Freelancer remains debt-free with A$17.9 million in cash
  • AI initiatives being implemented for platform improvement
  • Challenges in platform integrity, search disruption, and payment acceptance
  • Benefits expected to be realized in 2H26 into FY27
  • Freelancer focuses on core businesses and cost efficiencies
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.