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SEEK Limited (ASX:SEK)

ALERT: Price-sensitive ASX Announcement for SEK
Current share price for SEK : $12.890 -4.21 (-24.62%)+
Announcement
Release
17 Feb 2026 8:27AM
Price at Release
$17.100
Full Release
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Summary
SEEK Limited's FY2026 Half Year Results Presentation highlights a period of strategic growth and challenges. EBITDA increased by 19%, driven by new AI-enabled product tiers and dynamic pricing, despite a reported loss due to a significant impairment related to Zhaopin. Revenue growth of 11% was achieved through AI-led ad placement services, with a noted 14% revenue increase in the APAC region. The company's investment in Zhaopin saw a $356 million write-down, impacting overall profitability. Despite these challenges, SEEK maintained strong operational leverage and expanded its market share, with significant progress in strategic initiatives aimed at enhancing placements and yields.
Key Points
  • EBITDA increased by 19% despite a reported loss.
  • Significant $356 million impairment related to Zhaopin.
  • 11% revenue growth driven by AI-enabled product and dynamic pricing.
  • 14% revenue increase in the APAC region.
  • Strong operational leverage and market expansion.
  • Continued focus on AI-led strategic initiatives for placements and yields.
  • Reported loss influenced by impairment but operational metrics were strong.
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.