Australian job board operator Seek Ltd. (SEK:ASX) said that based on year-to-date performance, it is on track to deliver FY 2024 guidance for revenue, EBITDA, and Adjusted Net Profit after Tax at the group level.

Seek forecasted revenue from approximately AUD 1.18 billion (USD 765.8 million) to AUD 1.26 billion (USD 817.7 million) for FY 2024. This compares to AUD 1.22 billion (USD 791.8 million) for FY 2023.

It also forecasts EBITDA of between AUD 520 million (USD 337.5 million) and AUD 560 million (USD 363.4 million). In addition, the company forecast a net profit after tax of approximately AUD 220 million (USD 142.8 million) to AUD 260 million (USD 168.7 million).

In its Annual General Meeting yesterday, the company said “yield growth is offsetting a moderation in job ad volumes in ANZ and most Asian markets. Furthermore, effects movements are proving a net benefit”.

“We see significant growth potential for Seek and will continue to invest in the opportunities outlined in the April 2023 strategy overview as long as they have a clear, attractive return profile”.

Seek shares closed on Wednesday at AUD 23.31 (USD 15.13), up 6.00% on the day. The company has a market cap of AUD 8.26 billion (USD 5.36 billion).