Airtasker Limited (ASX:ART) Reports Strong Half-Year Financial Performance
Financial Performance
Airtasker Limited reported revenues of $25.658 million for the half-year ended 31 December 2024, marking a 10.0% increase compared to the previous period. The loss from ordinary activities after tax attributable to the owners was $15.962 million.
Operational Notes
The number of booked tasks grew by 8.6% to 418,721, while the average task price rose by 0.6% to $250. Marketing expenses surged by 229.7% to $18.2 million. The increase was in line with the Group’s previously stated strategy to build Airtasker brand awareness in its key markets of Australia, the UK and the US.
Future Outlook
Airtasker Limited plans to continue its substantial investment in above-the-line brand marketing, and remain confident of maintaining its current momentum and delivering double digit revenue growth in the Airtasker marketplaces for the full year FY25.
Motley Fool contributor Matt Burgess 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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