Why is Airtasker Limited (ASX:ART) settling its media partnership notes in cash?

Airtasker Limited (ASX:ART) is settling the A$10 million media partnership notes in cash to avoid issuing new shares at a 10% discount to its 30‑day VWAP, and the early repayment also saves A$300,000 in interest, which the company reports is equivalent to 27% of the total coupon that would have been paid over the full two‑year term.

What are the key financial terms of Airtasker Limited’s (ASX:ART) media partnership notes with oOh!media and ARN?

Airtasker Limited (ASX:ART) issued two A$5 million, two‑year media partnership notes in 2024 to oOh!media and ARN, each with a 5.8% coupon and an option at maturity or earlier to either settle in cash or convert principal and accrued interest into ordinary shares at a 10% discount to the company’s 30‑day VWAP, and has now chosen cash settlement totalling A$10,821,515.

How does Airtasker Limited (ASX:ART) say the media partnerships impacted its brand and revenue?

Airtasker Limited (ASX:ART) cites YouGov data showing a 38.5% increase in Australian brand salience between the September 2024 and March 2026 quarters and reports compound annual growth of 17% in Australian gross marketplace volume and 20% in Australian revenue over the same period, which it says the oOh!media and ARN campaigns helped to support.

What exposure did Airtasker Limited (ASX:ART) gain through the oOh!media and ARN partnerships?

Through oOh!media, Airtasker Limited (ASX:ART) gained access to more than 30,000 outdoor advertising sites including billboards, street furniture, airports, offices and retail centres, while the ARN partnership provided airtime on 58 radio stations such as KIIS FM and Pure Gold plus digital reach via iHeartRadio, giving broad national exposure across out‑of‑home and audio channels.

How do media partnerships fit into Airtasker Limited’s (ASX:ART) broader growth and marketing strategy?

Airtasker Limited (ASX:ART) positions media partnerships with oOh!media, ARN and Nine Entertainment, alongside its Formula One sponsorship, as part of a strategy to increase brand awareness and user acquisition for its local services marketplace, which has facilitated more than A$1 billion in jobs and put about A$774 million into the hands of Australian taskers since 2012.

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Airtasker settles A$10m media notes in cash

Written by Jon CuthbertPublished Jun 29, 2026, 7:32 AM

Airtasker (ASX:ART) has elected to settle A$10 million of media partnership notes with oOh!media and ARN entirely in cash
The early repayment totals A$10.82 million and cuts about A$300,000 of interest, avoiding share issuance at a 10% VWAP discount
Airtasker (ASX:ART) says the campaigns lifted brand salience by 38.5% and supported compound annual growth of 17% in Australian GMV and 20% in revenue

Airtasker (ASX:ART) has agreed to early cash settlement of two A$5 million media partnership notes issued to oOh!media (ASX:OML) and ARN Media (ASX:A1N), paying A$5,463,847 to oOh!media and A$5,357,668 to ARN instead of converting the notes and accrued coupons into discounted equity.

The notes, issued in June and July 2024 for two years at a 5.8% coupon, gave Airtasker the choice at or before maturity of repaying in cash or issuing ordinary shares at a 10% discount to the company’s 30‑day volume‑weighted average share price, with the company now choosing the cash option and recording a combined early‑settlement interest saving of A$300,000, equivalent to 27% of the total interest that would have been payable.

“We’re pleased today to announce the cash settlement of our media partnership notes with oOh!media and ARN,” said Airtasker CEO Tim Fung.

Airtasker says the oOh!media partnership provided access to more than 30,000 outdoor advertising sites across billboards, street furniture, airports, office towers and retail centres, while the ARN partnership delivered exposure across 58 radio stations and the iHeartRadio platform, supporting a resurgence in brand investment in Australia.

According to YouGov data cited by Airtasker, brand salience rose 38.5% between the September 2024 and March 2026 quarters, and over the same period compound annual growth rates for Australian gross marketplace volume and revenue were 17% and 20% respectively, which the company attributes in part to the media partnerships.

Airtasker says the strategy, which also includes a partnership with Nine Entertainment and sponsorship of the Visa Cash App Racing Bulls Formula One team, remains focused on using media partnerships to grow its online marketplace for local services, where more than 5 million tasks have been completed and over A$774 million has been paid to Australian taskers since launch.

At the time of reporting the Airtasker (ASX:ART) share price was AUD 0.22.

Airtasker settles A$10m media notes in cash

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