5% QoQ growth for freelancer is good news - so long as it can be continued for a few quarters.
However I think the decline in escrow will mask the success in freelancer so I'm not expecting a significant increase in the SP until there is overall growth in the whole business. Escrow should pick up eventually as the china stuff unwinds and the API based growth takes off, so as long as freelancer keeps growing I think the SP should eventually recover.
Ann: Appendix 4C, page-11
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