The earnings growth came on the back of strong performance of its U.S. business, which delivered a 41.6% growth in total transaction volume (TTV), driven mainly by spend on non-discretionary items. According to Citi analysts, that, along with an assumption of 6% revenue growth in Australia, implies cash EBTDA of A$230 million this fiscal, ahead of consensus estimate of A$215.8 million. The company also said it was considering a listing on Nasdaq, while maintaining its primary listing in Australia.
Australia’s Zip soars on strong earnings, outlook, US listing plan
