FLN claims just under 80 million real users, and has put similar claim in documents which it's filed with the ASX (so I'm assuming it must be true).
There's no obvious way to compare that number to UPWK (30x FLN's marketplace revenues) and FVRR (15x FLN's marketplace revenues), but it's interesting that the claims that I can find for UPWK and FVRRs user base are much more modest than 80M: searches suggest that UPWK has 18 million skilled freelancers and 5 million clients in 2024, while people claim FVRR has 4.2M active buyers and 380K active sellers. This isn't an apples-to-apples comparison, of course, but it's interesting.
If UPWKs/FVRRs revenue numbers per user were proportional to FLN, they would have 2.4 billion and 1.2 billion users. I don't think I've seen any claims that they are even vaguely close to this, even with a more generous definition of active users.
Anyone have any insight on this?
FLN Price at posting:
16.0¢ Sentiment: Sell Disclosure: Not Held
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