Freelancer Limited (FRLCY) Q3 2026 Earnings Call Prepared Remarks Transcript

SA Transcripts 162.5K Followers Follow Freelancer Limited ( FRLCY ) Q3 2026 Earnings Call October 19, 2026 6:00 PM EDT Company Participants Robert Barrie - Founder, Executive Chairman & CEO Dylan Carter - CFO & Company Secretary Presentation Robert Barrie Founder, Executive Chairman & CEO [Audio Gap] Freelancer Limited Third Quarter of 2026 Financial Results. My name is Matt Barrie, and I'm the Chief Executive and Chairman of the group. With me on the call today is Dylan Carter, the Chief Financial Officer, calling in from Florida; and Andrew Bateman to my right, who is the VP of Products. And as usual, you may address questions at the end to myself or any of the other executives in the room or follow up with a one-on-one later on, if you wish by e-mailing at [email protected]. The group returned to profit -- operating profit in the quarter as the cost programs delivered. Our operating expenses decreased about 11% to AUD 8.9 million, AUD 1.2 million lower than the prior corresponding period with employee expenses down 17.5% and hosting costs down 9.6%. Our GMV for the group increased 13% to $244.6 million. In U.S. dollars, it was up 22%. So there was a strong currency effect in the quarter. It was led by Escrow.com and Loadshift. The group revenue, however, declined to AUD 11.1 million, which is down 10.8% in U.S. dollars, which is the main operating currency of the group. And group gross profit declined 16% to AUD 9.6 million. Lower cost offset more than half the decline in gross profit. EBITDA was positive $0.7 million, and the group recorded an operating profit of slightly positive compared with a slight loss in the first half of 2026 and a positive net profit before tax. Cash was AUD 16.5 million as of the end of the quarter, and the group remains debt-free. We achieved an all-time