Zip Co Limited announced its second quarter results ending 31 December 2022

Zip Co Limited (ASX: ZIP) announced its second-quarter results ending 31 December 2022:

• During 2QFY23, the company has reported its quarterly revenue of AU$188.0 million, up 12% year-on-year, and recorded transaction volume of AU$2.7 billion, up 27% quarter on quarter.
• Zip U.S. delivered positive cash EBTDA in November and December with a solid seasonal performance and is on track to exit FY23 cash EBTDA positive on a sustainable basis.
• As at 31 December 2022, the company had available cash and liquidity of AU$78.5 million, which is anticipated to be enough reserves to support the company through to cash EBTDA profitability.
• During 2QFY23, in Australia, the company went live with new enterprise merchants, Jetstar, Uber, and eBay AU, and in the U.S., it launched with Barnes & Noble College across all campus stores.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com