Airtasker’s FY25: 18.3% Revenue Growth, $15.2M Cash Flow, UK/US Markets Soar

FY25 Financial Performance

Airtasker Limited has delivered a compelling FY25 financial performance, marked by an 18.3% acceleration in marketplaces revenue to $45 million, up from $38.1 million the previous year. This growth represents a significant re-acceleration compared to FY24’s 9.8% increase, driven by a 9.5% rise in gross marketplace volume (GMV) to a record $208.7 million. The company’s monetisation rate also improved to 21.6%, reflecting effective yield management and platform investment.

Importantly, Airtasker achieved positive free cash flow of $1.2 million for the second consecutive year, underscoring disciplined cost management alongside revenue growth. Gross profit grew 13.2% to $50.4 million, reinforcing the company’s operational leverage.

Australian Marketplaces Drive Cash Flow

The Australian marketplaces remain the backbone of Airtasker’s financial strength, generating approximately $34.6 million in cash flow after covering all direct operating costs. After absorbing $19.4 million in global head office expenses, Australia still contributed a robust $15.2 million in free cash flow, an 18.8% increase on FY24. This strong cash generation has enabled Airtasker to fund its international expansion without compromising its domestic business.

Brand investment and media partnerships with oOh!media and ARN have been pivotal in re-accelerating growth in Australia, lifting unprompted brand awareness by 15%. This translated into 13.4% revenue growth and 5.3% GMV growth, reversing previous declines and signaling renewed momentum in the home market.

Rapid Expansion in UK and US Markets

Airtasker’s international growth story is striking. The UK marketplace saw revenue more than double, up 111% to £1.4 million, with GMV reaching an annualised run rate (ARR) of $21 million. This growth was supported by the Channel 4 media partnership and a strategic playbook dubbed “SHPAB,” which boosted brand awareness by 24% in London. Plans for FY26 include expanding into Birmingham and Manchester, alongside retail partnerships with Dunelm and Argos, promising broader market penetration.

The US marketplace posted even more dramatic gains, with revenue soaring 422% to US$360,000 and GMV ARR hitting $7.5 million. Key media partnerships with TelevisaUnivision, iHeartMedia, Sinclair, and Mercurius have fueled brand awareness growth of 114% in Los Angeles. Airtasker’s FY26 strategy includes targeted brand investments in major US cities and leveraging its global partnership with the Visa Cash App Racing Bulls Formula One™ Team to amplify visibility.

Outlook and Strategic Priorities for FY26

Looking ahead, Airtasker expects solid double-digit revenue growth in Australia and accelerated growth trajectories in the UK and US. The company is exploring a strategic repositioning of its Oneflare platform to return it to long-term growth. Cash flow generation from Australian marketplaces is anticipated to increase further, excluding Oneflare. With $19.1 million in cash and term deposits and $27.9 million in prepaid media assets, Airtasker is well-positioned to invest in growth initiatives and maintain financial flexibility.

Founder and CEO Tim Fung expressed confidence in the company’s trajectory, highlighting the impact of brand investments and media partnerships. The company’s ability to generate strong cash flow domestically while aggressively expanding internationally sets a promising stage for FY26.