Freelancer posts $574M marketplace value
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- Freelancer grew gross marketplace value 30.9% to $574.6 million in the first half of FY26.
- Group revenue fell 12.1% to $0.3 million operating loss.
- Management stated that a focused second-half plan aims to restore core marketplace growth.
Freelancer (ASX:FLN) reported that group gross marketplace value increased 30.9% to $574.6 million during the first half of FY26.
Group revenue fell 12.1% to 20.9 million.
"The Freelancer marketplace had a hard half, and the causes are not mysterious," said Freelancer chief executive officer and chair Matt Barrie.
The company stated that a net loss after tax of $2.4 million non-cash impairment of non-core digital assets.
Following the announcement, the Freelancer share price was unchanged at $0.10.
Escrow.com GMV climbed 39% to $14.6 million.
Management previously completed seven consecutive profitable years at Escrow.com and finished June with $17.9 million in cash and no debt.
