3Q26 Results Presentation

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Stock Airtasker Ltd (ART.ASX)
Release Time 22 Apr 2026, 10:10 a.m.
Price Sensitive Yes
 Airtasker Ltd reports 3Q26 results
Key Points
  • Australian GMV climbed 17.8% on pcp, driving 14.4% revenue growth
  • UK and US markets building momentum with 43.5% and 116% revenue growth respectively
  • Membership launch surpasses 1,000 subscribers in first 4 weeks
Full Summary

Airtasker Limited (ASX:ART) reported its 3Q26 results, highlighting continued strong performance across its key markets. In Australia, the company saw a 17.8% increase in Gross Marketplace Volume (GMV) compared to the prior corresponding period (pcp), driving a 14.4% increase in revenue. This represents a sharp acceleration from the 5.3% and 6.4% GMV growth seen in FY25 and H126, respectively. The company attributed this to successful brand salience investments and its market leadership position. In the UK, GMV Annualised Run Rate (ARR) reached $23.1 million, with revenue up 43.5% on pcp, demonstrating strong momentum heading into the peak Spring/Summer season. The US market also saw rapid expansion, with revenue up 116% on pcp and GMV ARR at $6.7 million. Airtasker's new membership program, launched in February 2026, surpassed 1,000 subscribers in its first 4 weeks. The company remains well-capitalized with over $26 million in cash, providing flexibility to support marketing activities in the UK and US while maintaining the option to settle Australian media partnership notes in July 2026. On the back of the strong 3Q26 performance, Airtasker reaffirmed its FY26 guidance issued in February 2026, including double-digit revenue growth in Australia and increased cash flow generation from the Australian marketplaces.

Guidance

Airtasker reaffirms its FY26 guidance issued in February 2026, including: double-digit revenue growth in Airtasker Australia, maximizing the cash contribution from the Oneflare marketplace, and increasing cash flow generation from the Australian marketplaces. The company also expects to see accelerated growth in the UK and US markets, supported by $5 million in planned marketing activity, which will result in an underlying Group cash outflow of approximately $5-$6 million.

Outlook

Airtasker remains well-capitalized with over $26 million in cash, providing flexibility to support marketing activities in the UK and US while maintaining the option to settle Australian media partnership notes. The company is targeting strong seasonal uplifts in the UK and US markets during the northern hemisphere Spring/Summer high season in 4Q26.