2342 GMT - Zip's 1H U.S. growth looks softer than expected at UBS. December-half earnings were about 3% lower than expected by the investment bank's analysts. They say in a note that is due to lower-than-expected customer growth in the U.S., where a tally of 4.63 million active customers is about 3% short of where they thought it would be. This drove a 2% miss on total transaction value in the country, they add. On a positive note, they add that growth in per-customer spending remains resilient. UBS has a last-published buy rating and A$5.20 target price on the stock, which is down 35% at A$1.835. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 18, 2026 18:42 ET (23:42 GMT)

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