Officeworks is a big dollar signup, revenue wise, which of course, is half the story.
What is the commission rate they pay? Small fish are sweet - and those paying
their 6%, offer the economic stability & positive growth Afterpay needs.
High profile outlets like Officeworks would probably pay way south of 1%, and
be revenue high, but income neutral to Afterpay, or slightly positive due to late payment fees.
Internally, these companies are generally placed under "advertising" on the
balance sheet.
APT Price at posting:
$14.51 Sentiment: Hold Disclosure: Held
