Extremely pleasing to see Freelance marketplace growth resuming as predicted by management, but apparently doubted by some sellers. This is the core business, and the dip was responsible for the share price slide.
Escrow remains a drag with YoY comparisons, due to the end of the China domain bubble and anit-money laundering ID changes, but the growth there has turned up again too, albeit not back at all time highs.
I think the direction for both sides of the business can now be confidently seen as upwards, although trailing financial measures are still weighed down by the dip last year.
I guess we will see if the market is forward looking or not when it opens, but the initiatives like the APIs and moves to improve bid quality all point to future growth for me.
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Extremely pleasing to see Freelance marketplace growth resuming...
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