Australia's Zip rises on higher Q3 profit, upgraded outlook

Zip Co

16/04/2025 02:31

** Shares of buy-now-pay-later firm Zip ZIP.AX rise as much as 14.9% to A$1.700, their highest since March 28

** Co posts earnings before taxes, depreciation and amortization (EBTDA) of A$46 million ($29.16 million) in Q3, up 219.4% y/y

** Co now expects fiscal 2025 EBTDA of at least A$153 million, compared to previous forecast of A$147 million

** With session's gains, stock trims YTD loss to 50%

($1 = 1.5775 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))