Zip Co Ltd. (AU:ZIP) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Zip Co Ltd has reported a strong financial performance for Q4 FY24, with an expected quarterly Cash EBITDA of $22m to $25m, leading to a full-year Cash EBITDA of $67m to $70m. This marks a significant turnaround from a $48m loss in the previous fiscal year. The company’s revenue increased by 22.1% and transaction volume grew by 19% compared to Q4 FY23, highlighting Zip’s continued profitable growth and operational strength, particularly in the Americas.
For further insights into AU:ZIP stock, check out TipRanks’ Stock Analysis page.
