At least we know it's not just Zip that is experiencing the losses. Block would have expected these numbers and they still proceed to buy Afterpay for $39B. They wouldn't have done this if they didn't believe in the BNPL model.Afterpay’s 2021 loss balloons to $US345.5 million
Tom Richardson
Afterpay-owner Block has released accounts showing that Afterpay’s net loss ballooned to $345.5 million in 2021 for the six months to December 31, versus $79.2 million in 2020.
Afterpay’s operating loss nearly quadrupled to $263.7 million for the six months to December 31, 2021, versus $68.2 million in 2020.
Total income climbed 54 per cent to $644.9 million. Income from merchant fees made up $560.7 million, with late fees and other income reaching $78.5 million.
Bad debts ballooned to $176.7 million over the six-month period, versus $72.1 million in the prior corresponding period. In effect bad debts made up 27.4 per cent of total revenue over the half-year.
In February 2022 Block completed its acquisition of Afterpay by offering 0.375 Block shares for every Afterpay share.
- Forums
- ASX - By Stock
- ZIP
- It's Not Just Zip
It's Not Just Zip
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.25 |
Change
0.020(0.90%) |
Mkt cap ! $2.952B |
Open | High | Low | Value | Volume |
$2.27 | $2.35 | $2.23 | $43.57M | 19.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 160558 | $2.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.26 | 268515 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 183352 | 2.250 |
31 | 220131 | 2.240 |
31 | 306321 | 2.230 |
18 | 206940 | 2.220 |
11 | 133357 | 2.210 |
Price($) | Vol. | No. |
---|---|---|
2.260 | 304622 | 52 |
2.270 | 332266 | 24 |
2.280 | 242856 | 18 |
2.290 | 259352 | 16 |
2.300 | 464371 | 19 |
Last trade - 15.58pm 26/08/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |