Airtasker Ltd
ASX:ART
Airtasker Ltd
Airtasker Ltd is a AU-based company operating in Interactive Media & Services industry. The company is headquartered in Sydney, New South Wales. The company went IPO on 2021-03-23. Airtasker Limited, formerly Airtasker Pty Ltd is an Australia-based company, which operates a community marketplace that provides an online outsourcing service. The firm's platform connects people who need to outsource tasks and find local services, with people who are looking to earn money and ready to work through online or mobile. The company enables users to post a task and choose from rated, verified and reviewed people. The firm offers its services in the areas, including handyman jobs, home cleaning, pickup and delivery, furniture assembly, computer and information technology support, flyer delivery, garden maintenance, carpentry, photography, graphic design and video, and administration assistance, among others. The firm offers its services across Australia.
Airtasker Ltd is a AU-based company operating in Interactive Media & Services industry. The company is headquartered in Sydney, New South Wales. The company went IPO on 2021-03-23. Airtasker Limited, formerly Airtasker Pty Ltd is an Australia-based company, which operates a community marketplace that provides an online outsourcing service. The firm's platform connects people who need to outsource tasks and find local services, with people who are looking to earn money and ready to work through online or mobile. The company enables users to post a task and choose from rated, verified and reviewed people. The firm offers its services in the areas, including handyman jobs, home cleaning, pickup and delivery, furniture assembly, computer and information technology support, flyer delivery, garden maintenance, carpentry, photography, graphic design and video, and administration assistance, among others. The firm offers its services across Australia.
Revenue Growth: Airtasker reported record group revenue of $29.1 million for the half, up 13.5%, with Airtasker marketplace revenue up 18.9%.
GMV Acceleration: Gross Marketplace Volume (GMV) grew to a record $116.4 million, up 11.3%, with Australia GMV up 6.5% to nearly $104 million.
International Momentum: Revenue from international markets surged, with the UK up 85% and the US up 380% over the prior period.
Cash Position: The company ended the half with $27 million in cash and positive operating cash flow of $0.5 million, marking the fifth consecutive half of positive operating cash flow.
Brand & Marketing: Significant investment in marketing led to a 32.1% increase in unprompted brand awareness and strong ROI, with $1.08 revenue generated for every $1 spent.
Product Innovation: Launched new membership offering ($89/year) to drive recurring revenue and introduced AI-powered features to boost rebooking and reduce platform leakage.
Guidance Reaffirmed: Management reaffirmed double-digit revenue growth for Airtasker Australia in FY '26 and expects increased cash generation from the core market.
Capital Flexibility: Ample cash reserves provide flexibility to fund US/UK growth and manage upcoming convertible note settlements.
