• Australian gross marketplace Volume rose 20.9 per cent to $57.3 million, which the company describes as its highest quarter on record.
  • Australian Revenue rose 15.0 per cent to $12.2 million, and paid subscribers exceeded 25,000 at 30 September 2026.
  • Airtasker reaffirmed FY27 guidance first issued in August 2026; all figures in the update are unaudited.

Quarter headline

Airtasker Limited (ASX:ART) released its unaudited 1Q27 trading update on 15 October 2026, with figures that exclude Oneflare unless noted. Australian gross marketplace volume (GMV) rose 20.9 per cent on the prior corresponding period to $57.3 million, which the company describes as its highest quarter on record. Australian revenue rose 15.0 per cent to $12.2 million.

Group revenue was $14.0 million, made up of $12.2 million from Australia and $1.8 million from international markets. Including Oneflare, group revenue was up 1.4 per cent on the prior period. Excluding Oneflare comparatives, group marketplace revenue grew 16.2 per cent and Australian revenue grew 15.0 per cent; international revenue grew 24.8 per cent.

Drivers in Australia

Booked tasks rose 7.8 per cent and the average task price rose 12.2 per cent, which the company attributes to refreshed customer pricing and inflation. Revenue growth has trailed GMV growth because membership fees are counted in GMV when paid but recognised as revenue over the membership period. Brand salience rose 9 per cent on the prior period, after a 20 per cent uplift in FY26.

The company said it has secured $11.0 million of media Capital over three years with Nova Entertainment and oOh!media. Together with Nine Entertainment, total Australian media capital is $16.0 million.

Membership

Paid subscribers exceeded 25,000 at 30 September 2026, up from 10,000 at June 2026, against an FY27 target of 50,000. Because members pay upfront, the company says it receives cash before revenue is recognised. The target is the company's own and has not yet been achieved.

United Kingdom and United States

In the UK, revenue rose 39.0 per cent to £0.8 million ($1.4 million). Trailing twelve-month GMV rose 44.4 per cent to £12.1 million ($23.3 million), and trailing twelve-month revenue rose 45.1 per cent to £2.5 million ($4.7 million). GMV annualised run rate at September 2026 was £14.0 million ($26.4 million), and more than 2,100 paid subscribers have joined since the May 2026 launch.

In the US, revenue rose 20.9 per cent to US$0.3 million ($0.4 million). Trailing twelve-month GMV rose 80.8 per cent to US$4.8 million ($6.9 million) and trailing revenue rose 69.1 per cent to US$0.9 million ($1.4 million). Annualised GMV run rate was US$6.1 million ($8.6 million). For both markets, management expects GMV to soften through the second and third quarters before picking up in the fourth.

Cash and guidance

The company states that the update contains no Margin or EBITDA figures, so profitability cannot be assessed from it.

The company expects Australian Cash Flow generation, including global head office costs, to increase from $16.5 million in FY26, and expects the UK to reduce its cash Investment compared with FY26.

It reaffirmed FY27 guidance first issued in August 2026: double-digit Australian revenue growth excluding Oneflare, higher Australian cash generation, more than 50,000 paid subscribers, continued UK growth with lower cash investment, US growth supported by targeted Marketing with media partners, and positive group free cash flow.

Conditions and what to watch

All figures are unaudited, and guidance is the company's forward-looking expectation rather than a result. The announced softening of UK and US GMV through the middle of the financial year, the pace of subscriber growth towards 50,000, and the gap between GMV and revenue recognition are the items the company itself highlights. The announcement does not give a date for the next update, so further reporting on how these measures develop through FY27 is not yet scheduled in the documents reviewed.