Airtasker Limited (ASX:ART): Australian Marketplace Growth and FY27 Guidance

Aditi Sarkar

15 October 2026 08:18 PM AEDT

Airtasker Limited (ASX:ART): Australian Marketplace Growth and FY27 Guidance

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Highlights

Australian gross marketplace volume reached $57.3 million in 1Q27, according to the unaudited update.
Australian revenue increased 15.0 per cent to $12.2 million, while group revenue totalled $14.0 million.
Paid Australian subscribers exceeded 25,000 at 30 September 2026.
The company reported year-on-year revenue growth in its UK and US marketplaces.
FY27 guidance was reaffirmed, including an expectation of positive group free cash flow.

Airtasker Limited (ASX:ART) operates an online marketplace connecting people and businesses seeking local services with people offering to complete tasks. Its unaudited trading update, released on 15 October 2026 for the September quarter of FY27, reported higher Australian marketplace activity, progress in international operations and growing paid membership. The update also reaffirmed management’s financial-year expectations, which remain subject to future performance.

Australian Marketplace Activity in 1Q27

Australian gross marketplace volume (GMV), the value of activity booked through the marketplace, increased 20.9 per cent from the corresponding quarter to $57.3 million. Airtasker (ASX:ART) described this as its highest Australian quarterly GMV to date. Australian revenue rose 15.0 per cent to $12.2 million, while group revenue reached $14.0 million, comprising $12.2 million from Australia and $1.8 million from international operations. The company stated that the group revenue comparison including Oneflare was 1.4 per cent higher year on year.

Booked tasks rose 7.8 per cent and average task price increased 12.2 per cent. Management linked pricing changes partly to inflation and updated customer pricing. Revenue increased more slowly than GMV because membership payments contribute to GMV when paid, whereas the corresponding revenue is recognised over the subscription period. These are different measures and should not be treated as interchangeable.

Membership and Domestic Marketing

Paid subscriptions exceeded 25,000 at 30 September 2026, compared with 10,000 in June 2026. Airtasker (ASX:ART) has set an FY27 target of more than 50,000 paying subscribers; that target is not an achieved result. Advance subscription receipts can alter the timing of cash collection relative to reported revenue. The company also disclosed $11.0 million in media capital arranged over three years through new Australian commercial partnerships, taking its stated Australian media capital total to $16.0 million.

UK and US Trading Indicators

In the United Kingdom, quarterly revenue rose 39.0 per cent to £0.8 million ($1.4 million). Trailing 12-month GMV increased 44.4 per cent to £12.1 million ($23.3 million), and trailing revenue increased 45.1 per cent to £2.5 million ($4.7 million). The company reported over 2,100 paid UK subscribers since the May 2026 membership launch. These pound and dollar amounts are presented as reported without conversion.

In the United States, quarterly revenue increased 20.9 per cent to US$0.3 million ($0.4 million). Trailing 12-month GMV rose 80.8 per cent to US$4.8 million ($6.9 million), while trailing revenue increased 69.1 per cent to US$0.9 million ($1.4 million). Airtasker (ASX:ART) expects seasonality to reduce UK and US GMV through the second and third quarters before a fourth-quarter recovery. That expectation is guidance, not a confirmed outcome.

FY27 Guidance and Reporting Limitations

Airtasker (ASX:ART) reaffirmed its FY27 guidance for double-digit Australian revenue growth excluding Oneflare, increased Australian cash generation, more than 50,000 subscribers, continued international expansion and positive group free cash flow. It expects Australian cash generation, including global head-office costs, to exceed the FY26 figure of $16.5 million and UK cash investment to decline versus FY26. The October update did not provide EBITDA or margin figures, preventing an assessment of quarterly profitability from this release alone.

Key Insights

The September 2026 update links domestic marketplace activity with subscription growth and international investment. For Airtasker (ASX:ART), GMV, recognised revenue and cash collections capture different parts of that model. The figures are unaudited, and the reaffirmed FY27 objectives depend on subsequent trading, international spending and membership adoption. The disclosed data establishes current activity but does not itself confirm full-year earnings or cash flow outcomes.

FAQs

Q: What was Airtasker’s Australian GMV in 1Q27?

A:It reported $57.3 million, a 20.9 per cent year-on-year increase.

Q: How much group revenue did Airtasker report?

A:Group revenue was $14.0 million, including $12.2 million from Australia.

Q: How many paying subscribers did the company have?

A:Paid subscribers exceeded 25,000 at 30 September 2026.

Q: Did the update report an EBITDA result?

A:No. It did not include an EBITDA or quarterly margin figure.

Q: What cash flow guidance was reaffirmed?

A:Management continued to expect positive group free cash flow for FY27.

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