Freelancer Ltd (OTCPK:FLNCF)
$ 0.1 -0.00295 (-2.87%) Market Cap: 47.48 Mil Enterprise Value: 45.81 Mil PE Ratio: 0 PB Ratio: 3.47 GF Score: 20/100
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Q3 2020 Freelancer Ltd Earnings Call Transcript

Oct 21, 2020 / 12:01AM GMT
Release Date Price: $0.32
Robert Matthew Barrie
Freelancer Limited - Founder, Executive Chairman & CEO

(technical difficulty)

In terms of headwind, appreciated by 8.8% for the quarter as it went from 0.6567 to 0.7149.

If we go down to the segment results, as I've said a few minutes ago, gross marketplace volume, which is the payments to the freelancers in -- for the Freelancer marketplace continues to get all-time highs, record highs. In the third quarter of '20, the GMV was $25.5 million, up 16.9% on pcp. The gross payment volume, which is the payments into the marketplace plus revenue, so it's GMV's payments out GPV's payments in, was the second highest on record after the second quarter at $48.4 million, up 6.1% on PCP, or USD 34.1 million, up 11.5% on pcp.

You can see here from the graph, which is showing multiyear gross marketplace volume that we had a big uptick in 2020, and it continues to grow and this is contributed to by a few things. Obviously, we're in a favorable environment in terms of the tailwinds, but we've also made quite a number of significant product improvements. And we've

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