RaaS Research Group has published an update report on Airtasker following its FY24 results in which it delivered RaaS-adjusted EBITDA of $1.0m, a $1.6m turnaround on FY23 and the announced A$14.4m new media capital deal in the US across two players, iHeartMedia and Spanish-language content provider TelevisaUnivision, which promises to super-charge US growth. Our SoTP valuation is $0.51/share against a reference price of $0.27/share. As a sense check, our DCF valuation is $0.55/share.
