Freelancer Ltd. ( (FLNCF) ) has released its Q1 earnings. Here is a breakdown of the information Freelancer Ltd. presented to its investors.
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Freelancer Limited is a global platform connecting over 80 million users to a range of services, including freelancing, secure online payments, and freight solutions, through its core businesses: Freelancer, Escrow.com, and Loadshift. In the first quarter of 2025, Freelancer Limited reported a Gross Marketplace Value of $231.0 million, marking a 1.7% increase from the previous year, and a revenue of $14.1 million, up by 11.7%. The company achieved an operating profit for the quarter, driven by strong cash flows and a focus on AI integration, which is expected to enhance marketplace liquidity and quality.
Key financial metrics for the quarter included a 6% increase in Freelancer’s GMV to $33.4 million and an 8% rise in revenue to $10.7 million. Escrow.com saw a significant revenue increase of 34.5% to $2.9 million, with a Gross Payment Volume of $200.6 million. Loadshift achieved record revenue growth in March, despite weather disruptions affecting job postings. The company also reported positive cash flow of $2.2 million and cash reserves of $25.4 million, indicating a strong financial position.
Freelancer Limited continued to expand its user base, adding 1.72 million new users and 182,000 new projects in the first quarter. The company is leveraging AI to improve user experience and drive growth, with new initiatives in AI-powered collaboration and enhanced communication tools. Escrow.com is also expanding its e-commerce and automotive sector presence, while Loadshift is enhancing its platform with new communication features.
Looking ahead, Freelancer Limited plans to focus on enhancing marketplace engagement, accelerating AI-driven innovation, expanding financial service offerings, and driving operational excellence. The company aims to improve user experience and platform reliability, positioning itself for continued growth in FY25.