Airtasker Reports 12% Year-over-Year Increase in Group Revenue in Fiscal Q3; Shares Fall 6%

MT Newswires Live
05-02

Airtasker (ASX:ART) reported that its group revenue grew 12% to AU$13.6 million in the fiscal third quarter ended March, compared with the same period in the previous year, according to a Friday Australian bourse filing.

Airtasker Australia continued to generate sufficient cash to fund its expansion in the UK and US, reporting revenue growth across all three businesses, the filing said.

The firm reaffirmed its full-year guidance for the fiscal year, adding that it was on track to reaccelerate revenue growth.

Its shares fell 6% in recent trading on Friday.

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