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hipages Group Holdings Ltd. ( (AU:HPG) ) just unveiled an announcement.
hipages Group Holdings Ltd reported robust financial results for H1 FY25, driven by a successful customer migration to its single tradie platform. The company experienced a 9% increase in total revenue and a 14% growth in monthly recurring revenue, supported by higher average revenue per user and significant milestones in its subscription model in New Zealand. Despite a slight decline in subscription tradie count, the company maintained a strong EBITDA margin of 21% and generated positive free cash flow, signaling continued operational efficiency and market strength. The strategic focus on platform enhancements and brand marketing investments has helped maintain record levels of marketplace activity and brand awareness, positioning hipages for further growth in the coming periods.
More about hipages Group Holdings Ltd.
hipages Group Holdings Ltd operates as a leading platform in Australia and New Zealand, connecting homeowners with tradespeople. The company’s primary service involves facilitating connections between tradies and homeowners, focusing on enhancing platform functionality and market presence.
YTD Price Performance: -7.94%
Average Trading Volume: 34,618
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$155.5M
See more data about HPG stock on TipRanks’ Stock Analysis page.
