News Formal

Afterpay's earnings take a hit as buy-now-pay-later sector booms

  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Sverige Nyheter Nyheter

Buy-now-pay-later juggernaut Afterpay has reported a 13 per cent earnings drop of $38.7 million for the past financial year 9News

In the last financial year, Afterpay launched into four key regions including Canada, Spain, France and Italy.

Afterpay founders Anthony Eisen and Nick Molnar will sell their company to Square Inc, a US fintech company. "The Group's loss after tax has been impacted by the net loss on financial liabilities at fair value of $96.8 million as a result of an increase in the valuation of Afterpay's UK operations," Afterpay noted in its results presentation.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 10. in SE

Sverige Senaste nytt, Sverige Rubriker