Why it matters: Jobs marketplace Airtasker listed in early 2021 but has been heavily sold off
Airtasker narrowed its EBITDA loss from $17.1 million to $8 million
The company has no plans to declare a dividend
An influx of workers looking for extra income has helped boost jobs marketplace Airtasker’s revenue by 40 per cent to $44.2 million for the fiscal year ended June 30, as well as improve the service it offers customers, chief executive Tim Fung said.
The Sydney-based company told investors it will be cash-flow positive this financial year, after its EBITDA loss narrowed to $8 million in the full year to June 30, compared to an EBITDA loss of $17.1 million the year prior.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
