Zip Says Operating Environment Continues to Evolve, Particularly in US; Shares Jump Over 10%

MT Newswires Live
May 07

Zip (ASX:ZIP) said the operating environment, particularly in the US, continues to evolve, according to a Wednesday Australian bourse filing.

In the US, the firm's year-on-year total transaction value growth for April was over 40%.

The company reported a total transaction value of AU$3.3 billion in the March quarter, up nearly 36% from the prior-year period of AU$2.4 billion. It said that the number of transactions during the period jumped by over 27% to 22.8 million, while its active customers increased 4.2% year-over-year to 6.3 million.

It reconfirmed the fiscal 2025 guidance for cash earnings before taxes, depreciation, and amortization of at least AU$153 million, including cash operating expenses growth of around 10%, subject to market conditions.

Zip's shares rose over 10% in recent trading on Wednesday.

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