bullish
Airtasker Ltd - Revenue momentum continues
SUMMARY
- RaaS has published an update report on online marketplace Airtasker (ASX:ART) following its Q2 FY25 results release which demonstrated continued momentum in revenue growth across all regions.
- All regions saw increased revenue (US marketplace revenue +278%, UK +95% and Australia +~13%) and all were at or above the Q1 FY25 growth rates, aided by increased marketing spend.
- After all cash outflows ART achieved positive cash flow of $0.54m for the quarter, resulting in increased cash at bank (to $18.3m at December 31).
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