Freelancer saw a mixed performance in Q126, with strong volume and revenue growth for Escrow.com which was more than offset by weaker volumes in the Freelancer core marketplace. Measures are underway to remedy the causes of the volume decline, including adapting the platform for generative AI-related changes to search. We have revised our forecasts to reflect weaker than expected Q1 performance, reducing our revenue forecasts by 8.1% in FY26 and 7.7% in FY27.
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