FY25 Results Market Release
Airtasker Limited
ABN 53 149 850 457
28 August 2025
ASX Announcement
Airtasker Limited (ASX:ART)
FY25 Financial Results
Airtasker marketplaces revenue accelerated 18.3%
Australian marketplaces generated $15.2m in cash flow to invest in
UK (+111% revenue) and US (+422% revenue) expansion
FY25 Highlights
● Group positive free cash flow of $1.2m
● Airtasker marketplaces revenue accelerated 18.3% on pcp (FY24: 9.8%)
● Australian marketplaces generated $15.2m in cash flow after covering global head office expenses
● UK GMV1 ARR2 hit $21.0m,3 revenue up 111%4 on pcp
● US GMV ARR hit $7.5m,5 revenue up 422%4 on pcp
● $19.1m in cash and term deposits plus $27.9m of prepaid media assets on balance sheet
Positive free cashflow
In FY25, Airtasker delivered a second consecutive full year of positive free cash flow of $1.2m.
This strong result was achieved by accelerating Group revenue growth 12.8% to $52.6m (FY24: up
5.6% to $46.6m) and maintaining a disciplined approach to cost efficiency, which supported a
13.2% growth in gross profit to $50.4m.
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Gross marketplace volume.
Annualised run rate.
Airtasker UK GMV for June 2025 multiplied by 12.
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In local currency.
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Airtasker US GMV for June 2025 multiplied by 12.
2
3
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Airtasker Limited
ABN 53 149 850 457
Airtasker remained in a strong financial position at 30 June 2025 with $19.1m in cash and term
deposits on its balance sheet supplemented by $27.9m in prepaid media assets from media
partners oOh!media and ARN (in Australia), Channel 4 (in the UK) and iHeartMedia,
TelevisaUnivision, Sinclair and Mercurius (in the US).
Airtasker marketplaces revenue growth accelerated to 18.3%
During the year, Airtasker marketplaces revenue grew 18.3% on pcp to $45.0m (FY24: $38.1m)
representing a significant re-acceleration from 9.8% revenue growth in FY24.
This revenue growth re-acceleration was driven by underlying GMV6 growth of 9.5% on pcp to a
record $208.7m (FY24: -3.5% on pcp) combined with ongoing investment in the core platform and
yield management which saw the monetisation rate improve to 21.6% (FY24: 20.0%).
In Australia, successful execution of our brand investment strategy alongside media partnerships
with oOh!media and ARN re-accelerated revenue and GMV growth. Above the line media
investments drove a 15% uplift in Airtasker Australia’s unprompted brand awareness leading to
revenue growth re-accelerating 13.4% to $41.6m (FY24: 8.6% on pcp) and GMV growth of 5.3% to
$190.8m (FY24: -4.6% on pcp).
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Gross marketplace volume represents the total price of all tasks booked through the Airtasker marketplaces before cancellations and inclusive of price adjustments between customers and
Taskers, bonuses paid by customers to Taskers, fees payable by customers and Taskers to Airtasker, and any applicable sales taxes.
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Airtasker Limited
ABN 53 149 850 457
Australian marketplaces generate $15.2m free cashflow
During FY25, Airtasker’s Australian marketplaces generated cash flow of ~$34.6 (up 11.6% on FY24)
after covering all Australian sales and marketing, customer service operations and other direct
operating costs.
After covering all global head office expenditure of ~$19.4m, Australia generated cash flow of
~$15.2m in FY25 (up 18.8% on FY24) demonstrating increasing operating leverage.
The cash flow generated by the Australian marketplaces enabled proactive investment into UK and
US expansion (which saw revenue growth of 111% and 422%, respectively) whilst generating
~$1.2m of Group free cash flow in FY25.
UK marketplace hits $21m GMV ARR with revenue up 111%
In FY25, successful execution of Airtasker’s custom built playbook (nicknamed “SHPAB”) combined
with proactive marketing investment alongside the Channel 4 media partnership saw revenue
increase 111% on pcp to £1.4m (FY24: £0.7m).
GMV also grew rapidly - up 67.1% on pcp to £7.5m ($15.0m) and reaching a record ARR of $21.0m7
(£10.1m) at 30 June 2025 driven by an increase in brand awareness which grew by 24% in London.
In FY26, Airtasker will maintain momentum on brand investment through Channel 4 and continue to
increase penetration into London, Birmingham and Manchester alongside a retail partnership with
Dunelm (over 200 stores across the UK) and a newly announced collaboration with Argos (which is
owned and integrated into the Sainsbury’s retail network with over 1,200 stores across the UK).
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Airtasker UK GMV for June 2025 multiplied by 12.
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Airtasker Limited
ABN 53 149 850 457
US marketplace hits $7.5m GMV ARR with revenue up 422%
Following finalising partnerships with leading US media companies TelevisaUnivision, iHeartMedia,
Sinclair and Mercurius in the first half of FY25, Airtasker began effectively executing on its SHPAB
playbook in the second half - delivering full year revenue of US$360K ($559K) - an increase of
421.7% on pcp.
GMV was up 244.0% to US$1.8m ($2.8m) and reached a record GMV ARR of $7.5m8 (US$4.8m) at
30 June 2025. Brand awareness also improved significantly - up 114% in the Los Angeles market.
In FY26, Airtasker will focus on the execution of its SHPAB playbook combined with rollout of above
the line brand investment alongside media partners in the Los Angeles, Las Vegas and Austin
city-level marketplaces as well as activating and amplifying its global partnership with the Visa
Cash App Racing Bulls Formula One™ Team at the Formula 1 Miami Grand Prix, Formula 1 Las Vegas
Grand Prix and the Formula 1 United States Grand Prix in Austin.
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Airtasker US GMV for June 2025 multiplied by 12.
4
Airtasker Limited
ABN 53 149 850 457
FY26 guidance
Airtasker provides the following guidance for FY26:
●
Airtasker Australia to deliver solid double digit revenue growth.
●
Exploring strategic repositioning of Oneflare for a return to long term growth.
●
Australian marketplace generated ~$15.2m in cash flow in FY25 - cashflow generation (ex
Oneflare) to increase in FY26.
●
Airtasker UK and US markets accelerate growth trajectory - potential to make targeted
investments to further accelerate growth.
●
$19.1m in cash and term deposits on balance sheet combined with $27.9m of prepaid media
available to be utilised.
Commenting on the results, Airtasker Founder and CEO Tim Fung said, “Thank you to the incredible
Airtasker team who gave it their all to deliver this awesome result in FY25! The successful execution
of our brand investment in Australia alongside oOh!media and ARN has been super impactful with
brand awareness increasing and GMV and revenue both re-accelerating to generate over $15.2m of
cash in our Australian marketplace.
As we invest in scaling Airtasker across the world - turbocharged by our partnerships with
TelevisaUnivision, iHeartMedia, Sinclair, Mercurius and the Visa Cash App Racing Bulls Formula
One™ Team - it was awesome to see our UK marketplace grow 111% and our US marketplace grow
over 422%. Bring on FY26 - let’s do this!”
-- Ends –
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join Airtasker's Investor Hub or for more information visit investors.airtasker.com.
For further information, please contact:
Media Enquiries
Andrea Philips
andrea.philips@airtasker.com
Investor Relations
www.investors.airtasker.com
investors@airtasker.com
About Airtasker
Airtasker Limited (ASX:ART) is Australia’s leading online marketplace for local services, connecting people and
businesses who need work done with people who want to work. With a mission to empower people to realise
the full value of their skills, Airtasker aims to have a positive impact on the future of work by creating truly
flexible opportunities to work and earn income. In 2025, Airtasker entered the world of Formula One™ through
its partnership with the Visa Cash App Racing Bulls Formula One™ Team (VCARB). Since launching in 2012,
Airtasker has served more than 2.0m unique paying customers worldwide and has put more than $720m into
the pockets of Australian taskers (net of Airtasker’s fees).
This announcement was approved for release by the Board of Directors of Airtasker Limited.
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