Australia's Freelancer Ltd falls on dimmed quarterly earnings

Freelancer

22/10/2025 01:25

** Shares of Freelancer Ltd FLN.AX fall 3.8% to A$0.25, on track for worst day since October 14

** The online outsourcing marketplace and escrow payment services co reports revenue of A$13.8 million ($8.97 million) for the quarter, down 0.5% from a year ago

** Says quarterly gross merchandise value, which is the total monetary value of all goods or services sold, was down 22.5% at A$216.8 million from last year

** Stock up 38.9% YTD

($1 = 1.5389 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com))