Business
Afterpay’s valuation is nuts – but its growth is impressive – The Australian Financial Review
The hype around Afterpay’s share price overshadows rational discussion of its actual business. Which is a shame, because it is growing very nicely.
Which is a shame, because theres something fascinating happening in the way Eisen and Molnar are balancing growth and sustainability.
Afterpay had already told the market it grew underlying sales by 112 per cent to $1.1 billion in the years to June 30, with active customers soaring 116 per cent to 9.9 million.
But this rate of growth deserves acknowledgment. While theres no industry with lower barriers to entry than lending money, adding 20,500 customers a day, as Afterpay did in the June quar…
-
General13 hours agoCampers evacuated, residents on alert as Moreton Island bushfire intensifies
-
Noosa News19 hours agoPerth Royal Show vendors upset by price hikes, say crowds are down in 2025
-
Business21 hours agoBell Potter names the best ASX shares to buy in October
-
General18 hours agoAustralia welcomes Gaza peace progress, hostage release