Freelancer Q1 gross marketplace volume and cash receipts down
Freelancer Ltd. (FLN:ASX) today reported Gross Marketplace Volume (GMV) in Q1 2024 of AUD 227.1 million (USD 147.6 million), down 23.8% over the year. GMV represents the underlying transaction value between third parties which is the basis for Freelancer's revenue, i.e. the value of services performed (Freelancer); goods shipped (Loadshift) or goods / services exchanged (Escrow).