Seek Limited Reports Mixed Results Amid Market Challenges

Seek Limited ( (SKLTF) ) has released its Q2 earnings. Here is a breakdown of the information Seek Limited presented to its investors.

Seek Limited, a prominent player in the online employment marketplace sector, is known for its innovative technology that matches job seekers with employers across the Asia-Pacific region. In its latest half-year financial report for the period ending December 2024, Seek Limited reported a 4% decline in sales revenue from continuing operations to $536.2 million, with adjusted profit falling significantly by 28% to $77.0 million. However, the company saw a notable increase in reported profit from continuing operations, reaching $139.8 million, a significant turnaround from the previous period. Key highlights include a 93% increase in free cash flow and a 26% rise in the interim dividend, reflecting strong cash management and cost reduction efforts. Despite challenging macroeconomic conditions affecting job ad volumes, Seek achieved double-digit growth in job ad yield across APAC, supported by strategic pricing and product enhancements. The company’s growth fund also saw a 5% valuation increase, contributing positively to the overall financial performance. Looking ahead, Seek Limited remains focused on leveraging its unified platform and AI-driven capabilities to enhance its market position and drive long-term growth in the employment marketplace sector.