Zip Co Ltd. (AU:ZIP) has released an update.
Zip Co Ltd reported a robust third-quarter performance for FY24, with significant growth in the US market and margin expansion in Australia, resulting in Underlying Group cash EBTDA of $20.1 million. The company’s transaction volume and revenue increased by 14.6% and 26.6% respectively compared to the same quarter last year, while active customer numbers reached 6 million. Zip’s positive trajectory is expected to continue in the second half of the fiscal year, backed by strong revenue margins and strategic funding activities.
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