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Airtasker Limited (ASX:ART)

ALERT: Price-sensitive ASX Announcement for ART
Current share price for ART : $0.180 -0.035 (-16.28%)+
Announcement
Release
26 Aug 2026 10:41AM
Price at Release
$0.215
Full Release
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Summary
Airtasker Limited's FY26 financial results highlight significant growth and strategic developments. The company reported a 14.9% increase in Group Gross Marketplace Volume (GMV) to $240 million and an international GMV ARR of over $40 million. Airtasker Australia saw an 11.3% increase in revenue, while the UK and US markets recorded revenue growths of 55% and 150%, respectively. The company has heavily invested in marketing, particularly in the US and UK, with a disciplined $5 million marketing program that contributed to the growth trajectory. Airtasker also retired the Oneflare brand, consolidating operations under Airtasker Australia, and introduced new revenue streams, including a membership program. The company's financial position is strong with over $27 million in cash, providing capacity for further marketing and operational expansions, as well as potential settlement of convertible notes. Airtasker aims to leverage its scalable software platform and media partnerships to replicate its profitable marketplace model across new and existing markets.
Key Points
  • 14.9% increase in Group GMV to $240 million.
  • Over $40 million international GMV ARR.
  • 11.3% revenue growth for Airtasker Australia.
  • UK revenue growth of 55%, US revenue growth of 150%.
  • Introduction of new recurring revenue streams with membership programs.
  • $5 million disciplined marketing program in the US and UK.
  • Consolidation of Oneflare brand into Airtasker Australia.
  • Strong balance sheet with over $27 million in cash.
  • Strategic focus on leveraging scalable software platform and media partnerships.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.