Market Alert: Global Sell-Off Extends: Liquidity Fears and Growth Concern Dominate
Airtasker Limited (ASX: ART) has deepened its strategic partnership with iHeartMedia, securing an additional US$5.0 million in media support to accelerate its expansion across the United States. This follows the success of their initial 2024 partnership, which helped Airtasker USA reach an AU$7.5 million GMV annualised run rate by June 2025. The renewed agreement includes a three-year issuer-convertible note with a 5% coupon, giving Airtasker flexible conversion or repayment options. Through iHeartMedia’s powerful platform—spanning 860 stations, the world’s top podcast network, and major cultural events—Airtasker aims to significantly amplify its US presence.
This move also forms part of Airtasker’s broader global media strategy, complementing partnerships with Televisa Univision, Sinclair, Channel 4, oOh!media and ARN. Alongside the expanded deal, iHeartMedia has cornerstoned an AU$10 million equity placement into Airtasker, strengthening confidence in the company’s long-term US growth trajectory.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.