Freelancer Ltd. Sees Mixed Financial Performance in 1H24
Company Announcements

Freelancer Ltd. Sees Mixed Financial Performance in 1H24

Freelancer Ltd. (AU:FLN) has released an update.

Freelancer Ltd. reports a downturn in Gross Merchandise Volume (GMV) for the first half of 2024, with a slight 0.8% decrease in Freelancer GMV and a more significant 20.5% drop in Escrow.com GMV. Despite these declines, the company saw a 57.1% increase in operating cash flow and maintained a steady cash reserve of $21.2 million. The marketplace added 3.21 million new users and 409k projects, indicating robust platform activity despite financial challenges.

For further insights into AU:FLN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskFreelancer Ltd. Sees Strong Q3 2024 Performance
TipRanks Australian Auto-Generated NewsdeskEscrow.com Seals Record $50M IPv4 Deal
TipRanks Australian Auto-Generated NewsdeskFreelancer Ltd Announces Share Cancellation
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App