Bedger is quoted below 13 July 2022
ZIP has reported 14 consecutive quarters of positive cash flow for the Australian and Pacific business and reported an EBTDA of $39 million for the first half of 2022 FY. So with the end of the merger, they are left with a profitable APAC business and to concentrate on reigning in costs on its own US business which has seen customers grow by over 70% and merchants by over 50% YoY - this before the addition of Best-Buy in the US, a massive deal.
Profitable? No. Never has been.
Massive deal? Lining up behind the Best Buy branded credit card with 5% reward, Klarna, Affirm, Afterpay, etc. No, not a massive deal.
Best leave the 70% and 50% YoY thing alone. You'd better do your homework.
Ann: Q4 FY22 Results Update - Zip Executing on Core Strategy, page-136
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