Airtasker Limited (ASX:ART) Reports Strong FY25 Results
Financial Performance
Airtasker Limited reported a group revenue of $52.6 million for FY25, marking a 12.8% increase compared to the previous year. The company’s marketplaces revenue grew by 18.3% to reach $45.0 million.
Operational Highlights
Gross Marketplace Volume (GMV) in the UK reached an annualised run rate of $21 million, up 67.1% year-on-year. In the US, GMV achieved an annualised run rate of $7.5 million, a 244% increase from the previous year. The monetisation rate improved to 21.6%, and the company maintained a gross profit margin of 95.8%.
Future Outlook
Airtasker plans to continue its expansion in the UK and US markets while targeting solid double-digit revenue growth in Australia. The company aims to reach a GMV annualised run rate of $25 million for new city-level marketplaces within three years.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Airtasker. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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