Media
Press Release
BikeExchange to Pause Australian Operations to Prioritise Growth in Key International Markets
08 April, 2025
BikeExchange Limited advises that it will pause operations in the Australian market effective 30 June 2025, as part of its strategy to drive profitability and enhance shareholder returns.
This decision follows continued strong revenue growth in significantly larger markets across North America and Europe. These regions are better aligned with the company’s evolved marketplace and logistics platform and present greater opportunities for scalable expansion without requiring significant additional operational investment.
The Board believes that increased focus on high-performing international markets will position BikeExchange for long-term, sustainable value creation.
Further information is provided in the operational update file below.
Authorised for release by:
Peter O’Hanlon
Chief Executive Officer
INVESTOR ENQUIRIES:
ABOUT BIKEEXCHANGE
BikeExchange Limited (ASX: BEX) is a leading operator of global online cycling focussed
marketplaces that enable a dedicated and growing global audience of consumers to connect and
transact with thousands of retailers and brands.
The Company was founded in Melbourne in 2007, with the aim of bringing together the fragmented global cycling industry to trade and scale.
Today, it hosts over 1500 brands, 1650+ retailers and 900,000+ products globally, with an annual audience of 28+ million consumers.