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Airtasker Ltd ( (AU:ART) ) just unveiled an announcement.
Airtasker has secured a strategic partnership with Nine Entertainment that will provide $5 million in media capital over two years, giving the services marketplace access to Nine’s national TV, streaming, digital and publishing network to boost brand awareness. The deal is structured as a $5 million convertible note maturing in July 2028, with Airtasker able to convert into equity at a discount or repay in cash, and builds on existing media partnerships that have already lifted brand salience and driven solid returns on marketing spend, supporting double-digit revenue growth and record marketplace volumes in its Australian business.
The most recent analyst rating on (AU:ART) stock is a Sell with a A$0.20 price target. To see the full list of analyst forecasts on Airtasker Ltd stock, see the AU:ART Stock Forecast page.
More about Airtasker Ltd
Airtasker Limited is Australia’s leading online marketplace for local services, connecting individuals and businesses needing tasks completed with people seeking flexible work. Founded in 2012, it has facilitated over $1 billion in jobs and 5 million tasks globally, putting more than $774 million into Australian Taskers’ pockets and positioning itself as a key player in the evolving, AI-influenced future of work.
Average Trading Volume: 291,361
Technical Sentiment Signal: Sell
Current Market Cap: A$114.6M
See more data about ART stock on TipRanks’ Stock Analysis page.