• Marketplace GMV grew 22% year-on-year in March-April period
• Marketplace revenue up 5% and Cash EBITDA up 32% despite Easter timing impact
• Group Cash EBITDA improved by 8% compared to prior year

Mad Paws Holdings Limited (ASX:MPA) reported its Q3 FY25 results, highlighting strong performance in its marketplace business. The company's marketplace GMV grew 22% year-on-year in the March-April period, driven by higher volumes of new and repeat customer bookings, longer stays, and successful marketing initiatives. Despite the timing shift of Easter and school holidays affecting the quarter's comparisons, Mad Paws' marketplace operating revenue grew 5% and marketplace Cash EBITDA increased by 32%. The company's Group Cash EBITDA also improved by 8% compared to the prior year. Mad Paws attributed the strong results to its focus on core business drivers, supported by initiatives across marketing, supply optimization, and customer experience. The company's above-the-line 'Press Paws' campaign delivered a 10% increase in sessions in Q3 and a 16% increase in sessions during the March-April Easter window. Looking ahead, Mad Paws is focused on further optimizing its marketplace, including launching a new market-leading search service, funnel optimizations, and expanding into new performance channels. In its ecommerce business, the company will maintain a focus on improving efficiencies, driving new customer growth, and enhancing customer retention and self-service capabilities.

Mad Paws is looking to maintain the momentum it has built in Q3 FY25, with positive signs already materializing in its forward bookings for May. The company is focused on executing its growth strategy, improving profitability, and unlocking further value across both its marketplace and ecommerce platforms.