ZIP

1.99%

$2.96 zip co limited..

I also want to say its great to see that not only the long term...

First 74 Last

Share
Profile

Follow
TB51

2,604 Posts.

606

16/04/24

09:55

Post #: 73362320
Share

Originally posted by TB51: ↑

Congrats to CS and the Zip Team Cynthia you are the best ! I have a great respect for your leadership !!
Phenomenal performance in the US and a lot more to come.

● Zip’s physical card continued to deliver strong customer engagement with TTV +92.6% vs
3Q23 and contributing >30.0% of in-store volumes
● Zip US signed or went live with several new merchants, including Vallarta and Follett. The
US business continues to diversify its vertical mix and is building a growing pipeline of
merchants
● Zip’s collaboration with Google Pay which launched in January has experienced positive
momentum, scaling to more merchants and increasing visibility to more Google Pay
customers
● Monthly US cohort loss rates in 3Q24 are now expected to deliver losses of approximately
1.3% of TTV, consistently demonstrating Zip’s ability to drive profitable growth. Zip
continues to scale capabilities such as cash flow underwriting at sign-up and new
machine learning models
● Zip UScontinues to test its new pay-in-8 product with initial test results showing pleasing
incrementality. The business plans to progressively roll this product out over the coming
quarters
Zip delivers another strong quarter of US growth, margin expansion and cashEBTDA performanceZip Co Limited (ASX: ZIP) ("Zip", or the "Company") today announced its third quarter results forthe three-month period ending 31 March 2024 ("3Q24").The Company is also providing an update in relation to cash EBTDA performance. Zip achievedunderlying Group cash EBTDA of $20.1m for the quarter driven by a particularly strong performancein the US business and continued margin expansion in AU. Including year-to-date adjustments,year-to-date Group cash EBTDA is $45.2m.Zip now expects to deliver a 2H24 Group cash EBTDA result (post adjustments) of not less than its1H24 result (of $30.8m).KEY HIGHLIGHTS FOR 3Q24. Underlying Group cash EBTDA of $20.1m, driven by accelerated TTV growth in the USbusiness and continued margin expansion in AU. Transaction volume of $2.4b (up 14.6% vs 3Q23). Revenue of $219.2m (up 26.6% vs 3Q23)· Revenue margin improved to 9.1% (vs 8.3% in 3Q23). Transaction numbers of 17.9m (flat vs 3Q23)· Cash transaction margin was 3.9% (vs 2.9% in 3Q23). Active customer numbers at the quarter end of 6.0m. Merchants on Zip's platforms increased to 77.7k (up 9.1% vs 3Q23)· Zip Americas delivered a particularly strong TTV performance of US$1,058.5m (up 43.6% vs3Q23) and revenue of US$75.3m (up 49.2% vs 3Q23). US bad debts continued to performwell with monthly cohort loss rates approximately 1.3% of TTV

Expand

I also want to say its great to see that not only the long term holders and investors block out all the BS here and to the new investors who are holding Zip Well Done!
I also would like everyone who holds the stock to Congratulate Cynthia who is on the ball with everything!!

ZIP Price at posting: $1.33 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Making money: How many microcaps should be in an investor's portfolio?

What each US election outcome would mean for Australian companies & investors

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

There are more pages in this discussion • 387 more messages in this thread...

First 74 Last

Add ZIP (ASX) to my watchlist

(20min delay)
Last $2.96		Change -0.060(1.99%)		Mkt cap ! $3.864B

Open	High	Low	Value	Volume
$2.96	$3.00	$2.91	$20.97M	7.100M

Buyers (Bids)

No.	Vol.	Price($)
2	15999	$2.96

Sellers (Offers)

Price($)	Vol.	No.
$2.97	99192	8

View Market Depth

No.	Vol.	Price($)
2	15999	2.960
8	57710	2.950
7	203358	2.940
8	104809	2.930
14	169232	2.920

Price($)	Vol.	No.
2.970	99192	8
2.980	98676	8
2.990	333270	6
3.000	172444	16
3.010	69654	3

Last trade - 16.10pm 01/11/2024 (20 minute delay)

ZIP (ASX) Chart

I also want to say its great to see that not only the long term...

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Making money: How many microcaps should be in an investor's portfolio?

What each US election outcome would mean for Australian companies & investors

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I also want to say its great to see that not only the long term...

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Making money: How many microcaps should be in an investor's portfolio?

What each US election outcome would mean for Australian companies & investors

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News