Airtasker Q1 FY25 Results Overview

Airtasker (ASX:ART) has released their quarterly results for Q1 FY25, showcasing significant growth and positive cash flow. The company reported a 13.6% increase in marketplace revenue and strong revenue growth in the UK and US markets.

Airtasker's Strategic Growth and Financial Outlook

Airtasker has demonstrated robust growth in its Q1 FY25 results, marked by increased revenue and a positive cash flow position. The company reported an 8.5% rise in group revenue, driven by a 13.6% increase in marketplace revenue and substantial gains in the UK and US markets. Airtasker is leveraging strategic media partnerships to enhance brand awareness and drive market expansion, with significant media capital secured in Australia, the UK, and the US. Despite a group EBITDA loss due to investments in new markets, Airtasker remains confident in sustaining revenue growth and achieving positive free cash flow in FY25. The company's focus on marketing investments aims to bolster its international presence over the next few years.

Executive Commentary on Airtasker Performance

We are thrilled to see positive cash flow and continued market momentum. Our strategic media partnerships have been successful in boosting brand awareness and driving growth in key international markets.