Announcement PDF Airtasker Limited ABN 53 149 850 457 27 February 2025 ASX Announcement Airtasker Limited (ASX:ART) HY25 Financial Results Presentation Airtasker Limited (ASX:ART) is pleased to lodge the aached presentation being made by Chief Executive Oicer, Tim Fung and Chief Financial Oicer, Mahendra Tharmarajah, at its HY25 Financial Results investor briefing as follows: Date: Time: Webcast: Thursday 27 February 2025 11.30am ADST Participants can register and join the webcast here: HY25 Webcast If you wish to submit questions in advance of the webcast, please email dtasker@chapteroneadvisors.com.au. Mr Fung and Mr Tharmarajah will also participate in a live Q&A session where webcast aendees will have the opportunity to submit questions directly to management. A recorded copy of the webcast will be made available following the event. -- Ends – For further information, please contact: Media Enquiries Andrea Philips andrea.philips@airtasker.com Investor Relations www.investor.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 put more than $650m into the pockets of workers (payments made after all fee revenue is deducted) and served more than 1.8m unique paying customers across the world. For more information visit: investor.airtasker.com. This announcement was approved for release by the Board of Directors of Airtasker Limited. HY25 FINANCIAL RESULTS PRESENTATION 27 February 2025 Disclaimer The following disclaimer applies to this presentation. Please consider its contents carefully. By accepting this presentation, you acknowledge that you are receiving it on the basis set out in the following paragraphs. This presentation has been prepared by Airtasker Limited (Airtasker). Currency of information The information contained in this presentation is current as at the date of this presentation or such earlier date as specified in this presentation. Summary information The information in this presentation is of a general nature only and does not purport to be complete. Not an oer This presentation is not a prospectus or other disclosure document, and is not an invitation or oer of securities in Airtasker for subscription, purchase or sale in any jurisdiction. Third party information Certain market and industry data used in connection with this presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither Airtasker nor any of its related bodies corporate, directors, employees, agents or advisers have independently verified any such market or industry data. Historical information Past performance information in this presentation is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. Forward looking information This presentation contains certain forward-looking statements that involve risks and uncertainties. Airtasker can give no assurance that these expectations will prove to be correct. You are cautioned not to place undue reliance on any forward-looking statements. Forward looking information (continued) Actual results may dier materially from those anticipated in these forward-looking statements due to many important factors, risks and uncertainties including, without limitation, risks associated with future capital needs and general economic uncertainty. Airtasker does not undertake any obligation to release any revisions to any “forward-looking statement” to reflect events or circumstances after the date of this presentation, except as may be required under applicable laws. Financial information This presentation contains certain financial information. The financial information has been presented in an abbreviated form insofar as it does not include all the presentation and disclosures, statements or comparative information as required by the Australian Accounting Standards (AAS), the International Financial Reporting Standards (IFRS) (including the interpretations of the International Financial Reporting Interpretations Commiee) and other mandatory professional reporting requirements applicable to financial reports prepared in accordance with the Corporations Act. All currency is in Australian dollars unless indicated. Disclaimer No representation or warranty, whether express or implied, is made by any person as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. You should carry out your own investigations and analysis of Airtasker and verify the accuracy, reliability and completeness of the information contained in this presentation. Neither Airtasker nor any of its related bodies corporate, directors, employees, agents and advisers accept any responsibility for any loss arising from anyone acting or refraining from acting in reliance on the contents of this presentation. Distribution This document has been prepared for publication in Australia and may not be released to United States S wire services or distributed in the United States. By receiving this document you are deemed to confirm, represent and warrant to Airtasker and its related bodies corporate and each of their directors, employees, agents and advisers that you agree to be bound by the limitations and conditions set out in this disclaimer. Non-IFRS financial measures Airtasker uses certain measures to manage and report on its business that are not recognised under AAS or IFRS. These measures are collectively referred to in this presentation as ‘non-IFRS financial measures’ under Regulatory Guide 230 ‘Disclosing non-IFRS financial information’ published by the Australian Securities and Investments Commission (ASIC). Management uses these non-IFRS financial measures to evaluate the performance and profitability of the overall business. Although Airtasker believes that these measures provide useful information about the financial performance of Airtasker, they should be considered as supplements to the income statement measures that have been presented in accordance with AAS and IFRS in Airtasker’s audited financial statements released on ASX and not as a replacement for them. 2 SECTION ONE ABOUT AIRTASKER MEET THE TASKIES Snip & Snap are the nimble and precise gardening duo, always to trim, shape, and bring gardens to life with a quick clip! ready 3 3 AIRTASKER IS BUILDING The world’s most trusted marketplace to buy and sell local services. We connect people who need work done, with people who want to work. 4 always was strong at communication and writing. I’d wrien my own dad’s eulogy before anybody else’s so I think having been in those shoes, it really does help. OUR MISSION To empower people to realise the full value of their skills. Creating jobs isn’t a by-product of the work that we do: it’s our core purpose. I’ve been able to earn $4,000 a month from writing eulogies and other short-term “gig” jobs but my income really varies depending on how much I’m applying myself.” “I was in the mines for about three years. I’ve done probably close to 50 jobs since I was 17 because I’ve never really found something that I really enjoyed doing. I started Airtasker in January and oicially made it a business in March. Everything just blew up prey quickly so I needed to get an accountant and bookkeeper and got all that sorted.” 5 Unique Value Proposition Open Community Infinitely Horizontal Built on transparency and accountability to enable trust with an eicient light touch operating model. Unifying a fragmented local services industry and creating entirely new service categories. For Customers: For Taskers: ● Super fast responses ● Huge range ● Great value ● Instant work ● Pricing control ● Complete flexibility 6 COMPETITIVE LANDSCAPE Airtasker is uniquely positioned as a global platform for local services 1 2 Ecommerce model 1 2 Remote outsourcing Airtasker community model Free to join. Customers choose who they work with based on ratings, reviews and verified qualifications. Local services *US/UK markets only. Not operating in AU. Taskrabbit curated supply model Workers pay an upfront fee to join and Taskrabbit selects which workers can access jobs. Advertising model Source: Frost and Sullivan, 2024. 7 Revenue model tightly aligns Airtasker with Tasker success How does Airtasker make money? ● Free to post a task and receive oers. ● Free to access jobs and create quotes.4 ● Fees are charged when customers and Taskers experience marketplace value (at the point of connection, task completion or in certain cases task cancellation). GMV 1,3 Sales tax 2.2% Revenue 20.7% Paid to Users 77.1% Revenue 2,3 Insurance 0.7% Merchant fees 3.5% Gross profit 95.8% Win-win business model ● Low risk for Taskers. Unlike advertising models, Taskers can access jobs with no upfront fees. ● Wide range. No upfront fees means customers access the greatest range of services. ● Strong gross margin. Light touch model delivers 95%+ gross margins. 1. 2. 3. 4. Gross marketplace volume (GMV) for Airtasker only. GMV 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. Revenue comprising the Airtasker and Oneflare marketplaces. Based on HY25 financial data. On the Airtasker marketplace. 8 SECTION TWO FINANCIAL RESULTS Kit the toolbox is the dependable leader of the Airtasker crew, keeping all the tools organised and ready to tackle any task. 9 9 Strong start to FY25, on track to deliver on guidance... 01 02 03 Generate free cash flow Double digit revenue growth Scale media partnership model Deliver FY25 full year group positive free cash flow including generating suicient cash to fund UK and US expansion. Re-scale investment in brand salience and marketplace trust to deliver double digit revenue growth for Airtasker marketplaces. Continue to scale media partnership strategy in the UK and US alongside leading media partners. +$0.6m +14.8% +$51m Positive free cash flow in HY25. 1. Airtasker marketplaces revenue growth in HY25 on pcp. Raised over $51m1 in media capital in June 2024 and HY25 from oOh!media, ARN, TelevisaUnivision, iHeartMedia, Sinclair, Mercurius and Channel 4. $51.4m comprising $11.0m from oOh!media and ARN in Australia, $32.6m (US$21.75m) from TelevisaUnivision, iHeartMedia, Sinclair and Mercurius in the US and $7.8m (£4.0m) from Channel 4 in the UK. The foreign currency translation rate applied corresponds to the rate prevailing at the end of the month in which the transaction was completed. 10 HY25 financial highlights Group revenue Airtasker marketplaces revenue1 up 10.0% on pcp $25.7m 1. 2. 3. $21.7m Positive free cash flow2 +$0.6m Positive operating cash flow3 up 14.8% on pcp improved 105.3% on pcp improved 35.8% on pcp +$1.9m Excludes Oneflare marketplace. Free cash flow included proceeds from the issue of shares to the value $37.6m in 2H21, $0.9m in 1H22 and $2.9m in 2H22. In HY24, $10.5 million of net investments in term deposits were treated as cash outflows under Australian Accounting Standards. These term deposits matured in the second half of FY24 and were treated as cash inflows such that on a full year basis the term deposit outflows and inflows need o. Operating cash flow included proceeds from government grants to the value of $1.0m in 1H21. 11 Non-statutory operating segment data Established Marketplaces (Australia) EBITDA - The decrease principally reflected a $3.6 million increase in marketing investment in Airtasker Australia including $2.6 million of non-cash ATL4 brand marketing. ● Global head oice operating expenditure - The increase reflected a higher proportion of project expenditure into non-capitalisable activities as well as the hiring of senior management personnel in 2H24. ● ● Global head oice innovation investment - The decrease reflected a higher proportion of projects falling within operating expenditure. ● Australian net EBITDA - Positive $4.1m after covering all fixed global head oice operating expenditure and innovation investment. ● New Marketplaces (UK and US) EBITDA - The decrease reflected an $8.8 million increase in marketing investment in the UK and the US to $12.2 million, including $8.3 million of non-cash ATL brand marketing. ● Remeasurement and foreign currency translation of share purchase liabilities Reflected a $6.6 million unrealised statutory accounting loss for the half-year, comprising $3.6 million5 on remeasurement of the media partner share purchase liabilities and $3.0 million6 associated with the foreign currency translation of the media partner share purchase liabilities due to movements in the Group’s revenue based market capitalisation rate and foreign currency translation rates. 1. 2. 3. 4. 5. 6. Consolidated $’000 31 Dec 24 31 Dec 23 Variance ($) Variance (%) Established Marketplaces (Australia) EBITDA1 13,956 15,942 (1,986) (12.5%) Less: Global head oice operating expenditure2 (7,917) (6,621) (1,296) (19.6%) Less: Global head oice innovation investment1 (1,938) (2,382) 444 18.6% Australian net EBITDA 4,101 6,939 (2,838) (40.9%) Less: New Marketplaces (UK and US) EBITDA1 (14,014) (5,109) (8,905) (174.3%) Less: Remeasurement and foreign currency translation of share purchase liabilities3 (6,558) 137 (6,695) (4,893.4%) Group EBITDA1 (16,471) 1,967 (18,438) (937.2%) As disclosed in note 3 of the HY25 financial statements. Represents ‘Global head oice operating expenditure’ as disclosed in note 3 of the HY25 financial statements, less $3,552K in unrealised statutory accounting loss relating to the remeasurement of the media partner share purchase liabilities, recognised through profit or loss and $3,006K in unrealised statutory accounting loss associated with the foreign currency translation of the media partner share purchase liabilities, recognised through profit or loss. Comprises a $3,552K in unrealised statutory accounting loss relating to the remeasurement of the media partner share purchase liabilities, recognised through profit or loss and $3,006K in unrealised statutory accounting loss associated with the foreign currency translation of the media partner share purchase liabilities, recognised through profit or loss. Above the line. Reflects the unrealised mark to market valuation associated with the carrying value of the liability to repurchase Channel 4’s 20% equity in Airtasker UK in 2028 and TelevisaUnivision’s 17.1% equity in Airtasker USA by 2031. The carrying value is the present value of each subsidiary’s forecast revenue at the repurchase date multiplied by the Group’s expected revenue based market capitalisation multiple. Reflects the unrealised foreign currency translation on consolidation associated with the share repurchase and convertible note selement obligations to the Group’s media partners in the UK and the US. 12 Airtasker delivers record revenue, up 14.8% on pcp Australia GMV & revenue1 Airtasker marketplaces GMV & revenue1 ⬆14.8% ⬆11.6% HY25 revenue on pcp ● HY25 Airtasker marketplaces revenue1 growth 14.8% on pcp, to a record $21.7m. ● HY25 Airtasker GMV up 9.3% on pcp, to a record $104.6m. ● Airtasker monetisation rate2 improved by 5.1% on pcp, to 20.8% due to ongoing product improvement initiatives which increased tasker reliability and reduced cancellations together with continuous refinement of pricing and yield management. ● Significant above the line brand marketing commenced in all markets delivering record GMV. 1. 2. Excludes Oneflare marketplace. Monetisation rate represents Airtasker’s revenue in a given financial period, expressed as a percentage of GMV in the same period. HY25 revenue on pcp ● ● ● ● HY25 Australia marketplace revenue growth 11.6% on pcp, to $20.4m. HY25 Australia GMV up 6.5% on pcp, to $97.3m. Australian monetisation rate2 improved by 4.8% on pcp, to 21.0%. Launched out-of-home and radio above the line brand marketing with oOh!media and ARN delivering a +7% improvement in unaided brand awareness. 13 UK hits $13m GMV run rate; US revenue grows 193% UK GMV & revenue $13m Annualised GMV run rate ● Record HY25 revenue, up 99.8% on pcp, to £582k ($1,136k). ● Record HY25 GMV, up 64.9% on pcp, to £3.3m ($6.5m or $13.0m annualised run rate). ● Secured follow-on investment of £4.0m ($7.8m1 ) from Channel 4 to accelerate momentum in brand marketing and support expansion from London to Birmingham and Manchester. ● On track to maintain significant growth trajectory into peak spring/summer seasons. 1. The foreign currency translation rate applied corresponds to the rate prevailing at the end of the month in which the transaction was completed. US GMV & revenue ⬆193%+ HY25 revenue on pcp ● Marketplace momentum ignited following launch of brand marketing investment in Sep-24 delivering 193.3% revenue growth on pcp, to US$86k ($131k). ● Record HY25 GMV, up 86.0% on pcp, to US$446k ($677k). ● Completed media deals with TelevisaUnivision, iHeartMedia, Sinclair and Mercurius providing US$21.75m ($32.6m1) in media capital to accelerate marketing investment in LA and scale additional US cities in 2H25. 14 FY25 full year outlook: On track to re-accelerate growth and reaffirm full year guidance 👊 Full year FY25 Group positive free cash flow 👊 Airtasker marketplaces to deliver double digit revenue growth 👊 Airtasker Australia continues to generate suicient cash to fund UK and US expansion 👊 Accelerating momentum and continued growth trajectory in UK and US markets 👊 $18.3m1 in cash and term deposits on balance sheet combined with $45.2m1 of unspent media capital from media partners 1. As at 31 December 2024. 15 SECTION THREE GROWTH STRATEGY MEET THE TASKIES Terra the Pot is the sturdy and dependable home for blooming flowers, keeping the garden grounded and thriving. 16 16 Growth strategy 01 02 03 Core platform Profitable growth UK/US market expansion Invest in Airtasker brand and core platform experience and maintain market leadership Deliver profitable growth in Australia to generate free cash flow Leverage platform and invest in new markets, turbocharged by media partnerships 17 ID Verification Top Oer Continuous investment in brand and core platform experience Brand investment Drive brand salience and leverage the breadth of customer demand we can address. Marketplace trust Enhance trust signals across profiles and oers to enable greater customer confidence and sales funnel conversion. 18 Our approach to artificial intelligence (AI) COLLABORATION WITH INDUSTRY LEADER OPENAI AI will no doubt have a transformative impact on every business and Airtasker is well positioned to benefit given its foundations of a physical network eect and a unique, proprietary data set (user reputation data). We’re taking a disciplined investment approach to exploring how AI can be leveraged to enhance: 1. Customer experience - significant opportunities to improve almost all aspects of customer engagement, in particular making it more simple and easy to post a task. 2. Operational productivity - a range of AI-powered productivity improvements have been implemented including AI tools used in customer service, engineering and research. tt driver Airtasker Airtasker Airtasker Airtasker is working with OpenAI as they launch Operator in Australia. This will allow customers to access Airtasker via OpenAI and book a Tasker with assistance from an AI-powered agent (an “operator”). 19 A proven model to build profitable, cash generative marketplaces 112 25 FY24 $190m+ 91 20 In FY24, our Australian marketplaces generated $31.0m of cash flow: Revenue1 $45.2m 2 Expenses $14.2m Cash flow3 $31.0m AUD million 68 15 36 10 9.7 8.4 6.8 12 5 2.2 1.2 0 1. 2. 3. Revenue relating to the Established Marketplaces Segment as disclosed in note 4 of the FY24 financial statements. Calculated as the dierence between revenue and EBITDA for the Established Marketplaces Segment as disclosed in note 4 of the FY24 financial statements, less material non-cash items. Cash flow represents EBITDA for the Established Marketplaces Segment as disclosed in note 4 of the FY24 financial statements, less material non-cash items. FY16 FY17 Marketing Spend FY18 FY19 FY20 GMV 20 Opportunity to leverage our scalable software platform, turbocharged by local media partnerships Australian marketplaces generate free cash flow in excess of software platform and head oice infrastructure investment $31.0m1 cash generation $18.2m2 (ASX:ART) investment Opportunity to leverage software platform to replicate profitable marketplace economics Software platform and head oice infrastructure Airtasker AU $11.0m media investment 1. 2. Airtasker UK £7.5m media investment Cash flow represents EBITDA for the Established Marketplaces Segment as disclosed in note 4 of the FY24 financial statements, less material non-cash items. In FY24 invested $18.2m in operating the software platform and head oice infrastructure that enables the global marketplaces. Airtasker USA New markets US$21.75m media investment 21 Investment structure enables upside whilst mitigating downside risk… At the end of the initial investment period (5-7 years) Airtasker1 re-purchases equity held by media partners on the following valuation basis: Local Valuation = Local Revenue 2 x Airtasker Revenue 2 Multiple Airtasker can re-purchase equity with cash or scrip3 (at Airtasker’s option) ensuring that Airtasker does not create fixed cash repayment obligations. This investment model incentivises each local media partner to drive local revenue growth whilst aligning outcomes to the overall success of Airtasker. 1. 2. 3. 4. Ultimate parent entity Airtasker Limited. Revenue calculated on a trailing twelve months basis. Subject to the approval of Airtasker Limited shareholders. Seven West Media invested in Airtasker in May 2016 generating a 5x cash return over 5 years. …and represents a compelling investment proposition for media partners: PROVEN MODEL Airtasker has a strong software platform, proven marketplace growth playbook and a track record of delivering investor returns via media-for-equity partnerships.4 MINIMAL FIXED COSTS Software platform is licensed by Airtasker to the local operating company, reducing the risk of “zeroing out” and enabling margins to be reinvested in growth. GUARANTEED EXIT Airtasker provides exposure to both local and global performance upside combined with a guaranteed liquidity event (via either cash or scrip3). 22 In 2024, we completed over $511 million in global media partnerships… Television £3.5m equity investment in Airtasker UK2 Outdoor $5.0m unsecured convertible note issued by Airtasker Limited Television £4.0m unsecured convertible note issued by Airtasker UK Audio $5.0m unsecured convertible note issued by Airtasker Limited Television US$6.0m unsecured convertible note issued by Airtasker USA Audio US$5.0m unsecured convertible note issued by Airtasker USA Television US$4.75m equity investment in Airtasker USA Television US$6.0m unsecured convertible note issued by Airtasker USA And as we deploy media at scale across the world, we thought: “How might we take the Airtasker brand to the next level?” 1. 2. $51.4m comprising $11.0m from oOh!media and ARN in Australia, $32.6m (US$21.75m) from TelevisaUnivision, iHeartMedia, Mercurius and Sinclair in the US and $7.8m (£4.0m) from Channel 4 in the UK. The foreign currency translation rate applied corresponds to the rate prevailing at the end of the month in which the transaction was completed. Completed in June 2023. 23 INTRODUCING A UNIQUE, WORLD FIRST GLOBAL PARTNERSHIP: VCARB FORMULA ONE TEAM 24 VCARB partnership brings brand cache and content opportunities to leverage our distribution: Aligned with Airtasker’s mission, our partnership is centred on the people in the VCARB team with unique skills who are geing things done in the innovative, high performance world of F1… ● Global brand cache - F1 is watched by over 1.2 billion1 people with over 389 million2 watching Netflix’s ‘Drive to Survive’ F1 miniseries. ● Extensive content - opportunities to create brand content across 24 races worldwide including Australia, the UK and 3 races in the US. ● Highly eicient - global brand usage rights and access to VCARB production capabilities to deliver a highly eicient investment. 270M VCARB fan base3 1. 2. 3. 4. 5. +144% Growth in young viewers4 Total F1 TV audience in 2023. Source: VCARB Global audience since Drive to Survive debut in 2019. Source: VCARB Global fan base across multiple platforms. Source: VCARB F1 TV audience growth in under 35 age segment 2018-2023. Source: VCARB Female fans as a percentage of total VCARB fan base. Source: VCARB 47% Female audience5 25 v Annexures 27 Quarterly financial metrics Airtasker marketplaces1 ● ● ● 1. Australia1 Above the line brand marketing investment commenced Sep-24 (1Q25) for Australia to drive GMV and revenue growth. Fiscal 2Q/3Q (spring/summer) strongest quarters in southern hemisphere. AU: HY25: Revenue up 11.6% on pcp, to $20.4m; GMV up 6.5% on pcp, to $97.3m. 5 year revenue CAGR 18.4%. Excludes Oneflare marketplace. UK ● ● ● ● US Above the line brand marketing investment commenced Oct-23 (2Q24) for UK and Sep-24 (1Q25) for US, to drive strong growth in GMV and revenue. Fiscal 4Q/1Q (spring/summer) strongest quarters in northern hemisphere. UK HY25: Revenue up 99.8% on pcp, to $1,136k (£582k); GMV up 64.9% on pcp, to $6.5m (£3.3m). US HY25: Revenue up 193.3% on pcp, to $131k (US$86k); GMV up 86.0% on pcp, to $677k (US$446k). 28 Quarterly financial metrics 29 1. AU GMV excludes the Oneflare (‘OF’) marketplace. Quarterly operational metrics Airtasker marketplaces1 ● ● ● ● ● 1. Australia1 UK US Product investment in marketplace reliability/sales funnel eiciency reduced cancellations, drove record completed tasks and together with continuous refinement of pricing and yield management improved monetisation rate. Airtasker marketplaces: HY25 booked tasks up 8.6% on pcp to 419k (HY24:386k booked tasks). HY25 monetisation rate improved 5.1% on pcp, to 20.8% (HY24: 19.8%). AU: HY25 booked tasks up 5.0% on pcp to 386k (HY24: 368k booked tasks). HY25 monetisation rate improved 4.8% on pcp, to 21.0% (HY24: 20.0%). UK: HY25 booked tasks up 68.1% on pcp to 27k (HY24: 16k booked tasks). HY25 monetisation rate improved 21.3% on pcp, to 17.5% (HY24:14.4%). US: HY25 booked tasks up 235.0% on pcp, to 5k (HY24: 2K booked tasks). Despite 2Q25 GMV 67% higher, 2Q25 booked tasks below 1Q25 due to fewer tasks at higher value. HY25 monetisation rate improved 57.7% on pcp, to 19.3% (HY24: 12.2%). Excludes Oneflare marketplace. 30 Quarterly operational metrics 31 1. Airtasker marketplaces only. Our media partners: OUR MEDIA PARTNERS Australia’s #1 out of home company Over 35,000 sites across Australia including billboards, street furniture, airports, oice towers and retail centres driving 99% metro reach. 58 radio stations across Australia Extensive network of radio stations including KIIS FM, Pure Gold and CADA - which feature popular Australian media talent including Kyle & Jackie O, Will & Woody and Jonesy & Amanda - as well as the world’s fastest growing digital entertainment platform iHeartRadio. Our media partners: Channel 4 reaches 47 million people (78% of all UK individuals) each month; Delivers 1.2 billion streams each year, making it the UK’s largest free streaming service; and commands strong audiences in key regions for UK expansion Birmingham and Manchester. Our media partners: Flexible access to media inventory across multiple networks Experienced team of media and venture capital advisors with a proven track record of media investments in 30+ companies including Uber, Airbnb and Coursera. 276 million monthly audio listeners 860 broadcast stations in 160 US cities and a podcast network with over 252 million monthly downloads; reaching 9 out of 10 Americans every month. 185 television stations in 86 markets across the US Reaches 40% of American households and provides opportunities to integrate the Airtasker brand across 2,500+ hours of local news and lifestyle content produced each week. 100 million daily TV, audio and digital audience 38 cable networks in major US Hispanic markets plus streaming service Vix which has over 50 million globally monthly active users and digital properties reaching over 100 million daily users. 34