Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Airtasker Limited (ASX: ART) achieved a positive free cash flow of AU$0.6 million in HY25, marking a 105.3% improvement year-over-year. The company reported a 14.8% increase in marketplace revenue to AU$21.7 million, with overall group revenue reaching AU$25.7 million. Notably, Airtasker experienced rapid international growth, with UK revenue surging 99.8% and US revenue climbing 193.3%. The company maintained a strong financial position with AU$18.3 million in cash and term deposits.
Strategic initiatives included a global partnership with the Visa Cash App Racing Bulls (VCARB) Formula One Team, enhancing brand visibility across a global audience. Additionally, Airtasker collaborated with OpenAI to integrate its services into ChatGPT Pro via AI-powered task bookings. In the UK, a £4.0 million media investment from Channel 4 contributed to a 64.9% rise in GMV. The US marketplace also demonstrated significant momentum, reinforcing Airtasker’s expansion strategy.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
