Australia · Delayed Price · Currency is AUD Freelancer Earnings Call Transcripts
Fiscal Year 2026
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Group GMV grew 14% year-over-year, led by Escrow's strong 18.9% revenue growth, while Freelancer revenue declined 19% due to security upgrades impacting user activity. Loadshift posted record results, and underlying cash flow is expected to improve as one-off costs subside.
Fiscal Year 2025
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Record net profit and strong revenue growth driven by Escrow.com and Loadshift, with AI integration and platform unification fueling operational improvements. Enterprise and international expansion, especially in AI and freight, are key 2026 priorities.
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Group GMV fell 22.5% year-over-year due to a prior one-off transaction, but core marketplace GMV and Escrow.com revenue grew. Operating profit and cash flow remained positive, with strong AI-driven enhancements and segment growth, especially in Loadshift and Field Services.
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Achieved record half-year profit and strong cash flow, with revenue up 8% and robust growth in Escrow and Loadshift. Focus remains on double-digit revenue growth, AI-driven features, and expanding high-value verticals, while maintaining disciplined cost management.
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Group GMV and revenue grew year-over-year, with nine consecutive months of operating profit and strong cash reserves. AI integration and new verticals are driving growth across segments, while Escrow and Loadshift delivered record results. Focus remains on core business expansion and operational excellence.
Fiscal Year 2024
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FY2024 saw revenue and GMV decline due to the roll-off of non-core services, but strong improvements in client acquisition, retention, and project size, driven by AI, led to a positive second half and set the stage for double-digit growth and sustained profitability in FY25.
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Q3 2024 saw strong group GMV growth, positive NPAT, and robust operating cash flow, with Escrow and Loadshift outperforming and Freelancer showing signs of a turnaround. Product improvements, AI-driven initiatives, and new service launches are expected to drive further growth.
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H1 2024 saw group GMV down 18.2% year-over-year, but strong growth in Loadshift and a major generative AI partnership are set to drive substantial gains in H2. Escrow expects a $50 million transaction to boost results, and product improvements are enhancing client retention and acquisition.