Airtaskers are getting more jobs – for better pay – as people emerge from last year’s Delta wave needing a hand to get their post-lockdown lives in order.
The popular crowdsourcing platform on Monday reported a significant bounce in business since lockdowns were lifted in NSW and Victoria, with activity sharply reversing a fall from the previous quarter.
The amount of customers turning to Airtaskers for help with jobs such as moving washing machines, weeding the garden, cleaning or running to the tip rose steadily in each of the final three months of the year, with the average task price jumping to $255.
That’s a 23 per cent rise on the same time last year.
Revenue generated on Airtasker’s local services platform jumped 39 per cent over the three months from October to December, hitting a quarterly figure of $48.6m.
The company said this metric – known as gross marketplace volume – accelerated to a weekly peak-to-peak figure of $4.5m by December, a new record for the company.
Management credited a pile-up of odd jobs as the reason for the rebound and duly upgraded its outlook for the rest of the year.
“Based on our current growth trajectory, a clear outlook on no further lockdowns, and an exciting product and marketing road map – we’re super pleased to be upgrading our (second-half) guidance for FY22,” chief executive Tim Fung said.
The company initially surged upon listing on the ASX in March last year, but a rolling tech sector slump and effects of Covid lockdowns combined to sap the company’s momentum.
Monday’s update, however, sent the company’s share price soaring.
Airtasker shares jumped 17 per cent to 75 cents on Monday morning – a $40m xjmtzywbounce – having fallen to a low of 60.5c last week.
The road ahead looks brighter, with activity in the US and UK also rising.
