Freelancer revenue surges

We have continued to focus on reinvestment in key areas of the business such as product development to drive future growth in the company’s broader marketplace offering and executing on strategic acquisitions where appropriate,” Mr Barrie said in a statement to the Australian stock exchange.

The company ran an operating loss of $600,000, compared with a $500,000 profit in the prior corresponding period. “The record revenue result is a measure of this performance as a whole.

Revenue, however, rose 51 per cent to $11. 9 million, which Freelancer chief executive Matt Barrie said was “extremely pleasing”.

Revenue rose 51 per cent to $11. 9 million, which Freelancer chief executive Matt Barrie said was “extremely pleasing”.

Online employment portal Freelancer said it swung to an after tax first-half loss of $729,000 as it further reinvests revenue into future growth.

Read more here: SMH

    

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