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clock Created with Sketch. 16/04/24
11:45
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Originally posted by nakervirus:
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My thoughts on the report:EBTDA and Capital Raise US Growth Google Pay and Zip Plus and Pay in 8 ANZ Results Despite TTV and transaction numbers dropping considerably YoY (21%) - extremely solid increase in revenue of 9%. The TTV and transaction numbers dropping aren't particularly surprising given the situation in Australia (high interest rates, trying to reduce bad debts etc).Bad Debts Group bad debts are still under control, dropping to 1.72% which is awesome.Refinancing and Future Growth I don't fully understand the specifics of what has happened here regarding refinancing, rated note issuances, new warehouse facility etc - but seems like everything is under control. And they appear to have more than enough money available to fund future growth.Canada There was no mention of Zip Canada being closed which is strange in my opinion.
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the issue is, it seems they can’t increase customer numbers and revenue while decreasing bad debts at the same time. They either increase customers and bad debts or they decrease bad debts and customer numbers this is the only thing they need to rectify.
(20min delay)
