Airtasker continues to build revenue momentum
Airtasker marketplaces revenue up 15.8% on pcp
Annual recurring revenue increases of 153% for UK market and 399% for US market
Airtasker Australia net EBITDA hits A$1.5m
Special Report: Online local services marketplace provider Airtasker has once again achieved strong growth across its targeted markets this quarter, achieving an increase in total group revenue of 11.6% compared to the previous corresponding period.
Airtasker (ASX:ART) also delivered positive free cash flow and operating cash flow of A$800k for the quarter, achieved by growing group revenue 11.6% on pcp to A$13.6m, and Airtasker marketplaces revenue by 15.8% on pcp to A$11.7m.
The company also increased cash receipts from customers by A$2.3m (17.9%), while increasing operating cash outflows A$4.5m, mostly in the form of marketing and upfront payments related to a new television advertisement.
ART finished the quarter in a strong cash position with A$18.3m in hand, reaffirming its guidance for positive Group free cash flow in the 2025 financial year.
Source: Airtasker
Marketplaces sees stable demand from customers
The third quarter of the 2025 financial year marked another double-digit increase in revenue for the Australian arm of the Airtasker marketplace, lifting 10.6% on pcp to A$10.8m.
The implementation of a more customer-centric refund process in 1H24 continued to lower overall cancellations, reducing breakage revenue by 29.2% pcp while platform revenue increased by A$1.3m (15.2%).
Airtasker says it's enjoying steady customer demand across the Airtasker marketplaces – booked tasks have increased 1.5% on pcp, cancellation rates have fallen 7.2% and yield management initiatives enabled a 10.3% increase in ART's monetisation rate, bringing it to 22.3%.
153% increase in UK marketplace revenue
Airtasker has been growing steadily in the UK, with posted tasks rising by 69.2% on pcp and gross marketplace volume (GMV) lifting by 76.8% to £1.7m (A$3.5m).
ART points to a continued brand investment through Channel 4 and increasing momentum in the Birmingham and Manchester areas as the key points of impact.
Overall, the company increased its UK marketplace revenue by 153.2% on pcp to £355k, and GMV (on a trailing 12-month basis) by 63.8% to A$12.8m (£6.5m).
Source: Airtasker
US Marketplace revenue quadruples
Continuing the theme of accelerating momentum, Airtasker's US marketplace has experienced very strong revenue growth of 399% compared to the previous corresponding period, rising to US$86k.
Advertising partnerships with TelevisaUnivision, iHeartMedia, Sinclair and Mercurius as well as new city launches in Austin and Las Vegas drove GMV up 197% to US$411k (A$655k).
On a TTM basis, GMV grew to A$1.5m (a 92% increase) and revenue increased by 212% to A$300k. The Airtasker US marketplace achieved a GMV annualised run rate (ARR) of A$3.6m as of March 31, 2025.
Source: Airtasker
Australian EBITDA of A$1.5m
Airtasker's Established Marketplaces – which includes Airtasker Australia and Oneflare – delivered positive earnings before interest, tax, depreciation or amortisation (EBITDA) of A$6m during the quarter, with $2.1m comprising non-cash marketing.
After covering all global head office expenditure, the Established Marketplaces segment delivered a positive Australian net EBITDA of $1.5m.
Source: Airtasker
The aforementioned $2.1m investment in non-cash brand marketing continued through the third quarter via oOh!media and ARN in conjunction with the Melbourne Formula One Grand Prix, decreasing net EBITDA.
ART expects to realise the value of this above-the-line brand marketing over a three-year period.
Due to a $12.9m investment in New Marketplaces, Group EBITDA was negative at $11.4m, mostly consisting of non-cash marketing of $7.9m across various media channels in the UK and US.
Airtasker expects the current state of affairs to continue into the fourth quarter as the company continues to use its non-cash media advertising services in Australia, the UK and the US.
Importantly, the positive cash flow generated in the Established Marketplaces segment contributed A$4.5m in available funds to invest in New Marketplaces.
The A$4.5m was invested in UK and US marketplaces without increasing their fixed costs, simultaneously growing both segments significantly and delivering positive Group free cash flow.
Airtasker founder and CEO Tim Fung said he was 'super pleased' with the large revenue increases achieved in the UK and US, while still securing strong double-digit revenue growth in Australia.
'A huge shout out to the amazing Visa Cash App Racing Bulls Formula One Team and our incredible media partners across Australia, the UK and the US for their contribution to this awesome result,' Fung said.
This article was developed in collaboration with Airtasker, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Originally published as Airtasker on a roll with another quarter of revenue growth
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sydney Morning Herald
36 minutes ago
- Sydney Morning Herald
This airline is facing the ultimate makeover test
Virgin Australia has completed one of the largest corporate makeovers in Australian history. From bankruptcy five years ago, in a few weeks, investors large and small will get an opportunity to punt on its shares – to decide whether this is a quality reno or one with just a lick of paint and floorboard polishing. The vendors, private equity outfit Bain, will be handsomely rewarded, as will a handful of its senior management who could pocket tens of millions of dollars if the airline's hockey stick earnings forecasts are met. But what about the new band of shareholders who have been offered shares in the new public listing, or those who are thinking of buying into Virgin after it lists at the end of the month? Loading Investing in aviation has a long history of being at the riskier end of the spectrum. Airlines are especially sensitive to black swan events such as COVID-19 or 9/11, but they are also susceptible to changing industry dynamics such as new entrants, disruption in market share, or the health of the economy. In the 25 years since its launch as the cheeky disruptor airline funded by Richard Branson, Virgin Blue has had many corporate faces – not all of them attractive in an earnings sense. In a financial sense, the period in which it sought to clone Qantas was a speculator failure. But the common theme has been its position as a challenger to Australia's aviation queen – Qantas. Virgin Blue was born in 2000 as a low-cost airline that carved out a new market, tapping into price-sensitive leisure customers who could not afford to fly Qantas or its then-rival Ansett, which collapsed the following year.
AU Financial Review
4 hours ago
- AU Financial Review
Australian firms cash in on Europe's security crisis
Australian defence contractors are flocking to the United Kingdom and Europe for growth opportunities, hoping to grab a slice of billions of pounds and euros being pumped into building up their militaries in the face of Russian aggression and demands from US President Donald Trump. Since January 2022 – a month before Russia re-invaded Ukraine, triggering the Continent's arms race – 55 Australian defence suppliers have been awarded 277 contracts under the Defence Department's Global Supply Chain program, official figures obtained by The Australian Financial Review showed.
The Advertiser
4 hours ago
- The Advertiser
Volkswagen Group's first Australian EV hatch says adios for now
The Cupra Born is no longer on the company's Australian website, and Volkswagen Group Australia (VGA) confirmed the electric hatch is no longer on sale in Australia now that local stocks of the car have run dry. That said, the Born may not be away for too long. In March this year, Cupra said it was pushing back the launch the Born VZ hot hatch from May to December 2025. "Planning for the next evolution of the Born – including the performance VZ – continues," said VGA in a statement. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. With the Born gone from the local range, Cupra's only pure electric offering right now is the Tavascan SUV. The Born made its global debut in 2021, and was launched in Australia at the end of 2022. While the Born is available in Europe with a variety of motor and battery options, local models all come equipped with a 77kWh battery and a 170kW motor driving rear wheels. A 240kW/545Nm motor drives the rear wheels in the Born VZ currently sold in Europe. Under the skin, the Born uses the Volkswagen Group's MEB all-electric architecture, which underpins all of the German automaker's EVs apart from a few models from Audi and Porsche. The Born's closest relation is the Volkswagen ID.3 hatch, which is not sold here. Both cars share their drivetrains, overall silhouette, much of their underlying structure, and doors. From its launch in December 2022 to the end of May 2025, 1654 Borns have been sold in Australia. The Born's best sales performance was in 2023, its first full year on sale, when 887 found new homes. For this calendar year until the end of May, the Born (301) is Cupra's second-best selling model behind the Formentor SUV (686). In the broader EV context, the Born is well behind the market leaders: Tesla Model Y (6974), Model 3 (2583), and Kia EV5 (2212). But if we look at just electric hatchbacks, its performance isn't too bad. It's behind the MG 4 (2017), BYD Dolphin (776), and Hyundai Ioniq 5 (364), but ahead of the Kia EV6 (228), GWM Ora (271), Renault Megane E-Tech (138), and Nissan Leaf (62). We know this list includes an eclectic range of models across a variety of sizes and price points, some of which are marketed as SUVs, but pinning down price points can a little tricky as EV pricing tends to move around quite a bit. Priced at $59,990 before on-road costs since its local launch, the Born had been available for the last few months for $47,090 drive-away. MORE: Everything Cupra Born Content originally sourced from: The Cupra Born is no longer on the company's Australian website, and Volkswagen Group Australia (VGA) confirmed the electric hatch is no longer on sale in Australia now that local stocks of the car have run dry. That said, the Born may not be away for too long. In March this year, Cupra said it was pushing back the launch the Born VZ hot hatch from May to December 2025. "Planning for the next evolution of the Born – including the performance VZ – continues," said VGA in a statement. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. With the Born gone from the local range, Cupra's only pure electric offering right now is the Tavascan SUV. The Born made its global debut in 2021, and was launched in Australia at the end of 2022. While the Born is available in Europe with a variety of motor and battery options, local models all come equipped with a 77kWh battery and a 170kW motor driving rear wheels. A 240kW/545Nm motor drives the rear wheels in the Born VZ currently sold in Europe. Under the skin, the Born uses the Volkswagen Group's MEB all-electric architecture, which underpins all of the German automaker's EVs apart from a few models from Audi and Porsche. The Born's closest relation is the Volkswagen ID.3 hatch, which is not sold here. Both cars share their drivetrains, overall silhouette, much of their underlying structure, and doors. From its launch in December 2022 to the end of May 2025, 1654 Borns have been sold in Australia. The Born's best sales performance was in 2023, its first full year on sale, when 887 found new homes. For this calendar year until the end of May, the Born (301) is Cupra's second-best selling model behind the Formentor SUV (686). In the broader EV context, the Born is well behind the market leaders: Tesla Model Y (6974), Model 3 (2583), and Kia EV5 (2212). But if we look at just electric hatchbacks, its performance isn't too bad. It's behind the MG 4 (2017), BYD Dolphin (776), and Hyundai Ioniq 5 (364), but ahead of the Kia EV6 (228), GWM Ora (271), Renault Megane E-Tech (138), and Nissan Leaf (62). We know this list includes an eclectic range of models across a variety of sizes and price points, some of which are marketed as SUVs, but pinning down price points can a little tricky as EV pricing tends to move around quite a bit. Priced at $59,990 before on-road costs since its local launch, the Born had been available for the last few months for $47,090 drive-away. MORE: Everything Cupra Born Content originally sourced from: The Cupra Born is no longer on the company's Australian website, and Volkswagen Group Australia (VGA) confirmed the electric hatch is no longer on sale in Australia now that local stocks of the car have run dry. That said, the Born may not be away for too long. In March this year, Cupra said it was pushing back the launch the Born VZ hot hatch from May to December 2025. "Planning for the next evolution of the Born – including the performance VZ – continues," said VGA in a statement. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. With the Born gone from the local range, Cupra's only pure electric offering right now is the Tavascan SUV. The Born made its global debut in 2021, and was launched in Australia at the end of 2022. While the Born is available in Europe with a variety of motor and battery options, local models all come equipped with a 77kWh battery and a 170kW motor driving rear wheels. A 240kW/545Nm motor drives the rear wheels in the Born VZ currently sold in Europe. Under the skin, the Born uses the Volkswagen Group's MEB all-electric architecture, which underpins all of the German automaker's EVs apart from a few models from Audi and Porsche. The Born's closest relation is the Volkswagen ID.3 hatch, which is not sold here. Both cars share their drivetrains, overall silhouette, much of their underlying structure, and doors. From its launch in December 2022 to the end of May 2025, 1654 Borns have been sold in Australia. The Born's best sales performance was in 2023, its first full year on sale, when 887 found new homes. For this calendar year until the end of May, the Born (301) is Cupra's second-best selling model behind the Formentor SUV (686). In the broader EV context, the Born is well behind the market leaders: Tesla Model Y (6974), Model 3 (2583), and Kia EV5 (2212). But if we look at just electric hatchbacks, its performance isn't too bad. It's behind the MG 4 (2017), BYD Dolphin (776), and Hyundai Ioniq 5 (364), but ahead of the Kia EV6 (228), GWM Ora (271), Renault Megane E-Tech (138), and Nissan Leaf (62). We know this list includes an eclectic range of models across a variety of sizes and price points, some of which are marketed as SUVs, but pinning down price points can a little tricky as EV pricing tends to move around quite a bit. Priced at $59,990 before on-road costs since its local launch, the Born had been available for the last few months for $47,090 drive-away. MORE: Everything Cupra Born Content originally sourced from: The Cupra Born is no longer on the company's Australian website, and Volkswagen Group Australia (VGA) confirmed the electric hatch is no longer on sale in Australia now that local stocks of the car have run dry. That said, the Born may not be away for too long. In March this year, Cupra said it was pushing back the launch the Born VZ hot hatch from May to December 2025. "Planning for the next evolution of the Born – including the performance VZ – continues," said VGA in a statement. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. With the Born gone from the local range, Cupra's only pure electric offering right now is the Tavascan SUV. The Born made its global debut in 2021, and was launched in Australia at the end of 2022. While the Born is available in Europe with a variety of motor and battery options, local models all come equipped with a 77kWh battery and a 170kW motor driving rear wheels. A 240kW/545Nm motor drives the rear wheels in the Born VZ currently sold in Europe. Under the skin, the Born uses the Volkswagen Group's MEB all-electric architecture, which underpins all of the German automaker's EVs apart from a few models from Audi and Porsche. The Born's closest relation is the Volkswagen ID.3 hatch, which is not sold here. Both cars share their drivetrains, overall silhouette, much of their underlying structure, and doors. From its launch in December 2022 to the end of May 2025, 1654 Borns have been sold in Australia. The Born's best sales performance was in 2023, its first full year on sale, when 887 found new homes. For this calendar year until the end of May, the Born (301) is Cupra's second-best selling model behind the Formentor SUV (686). In the broader EV context, the Born is well behind the market leaders: Tesla Model Y (6974), Model 3 (2583), and Kia EV5 (2212). But if we look at just electric hatchbacks, its performance isn't too bad. It's behind the MG 4 (2017), BYD Dolphin (776), and Hyundai Ioniq 5 (364), but ahead of the Kia EV6 (228), GWM Ora (271), Renault Megane E-Tech (138), and Nissan Leaf (62). We know this list includes an eclectic range of models across a variety of sizes and price points, some of which are marketed as SUVs, but pinning down price points can a little tricky as EV pricing tends to move around quite a bit. Priced at $59,990 before on-road costs since its local launch, the Born had been available for the last few months for $47,090 drive-away. MORE: Everything Cupra Born Content originally sourced from:
