Business
Why this new app has brokers excited for the Afterpay (ASX: APT) share price
Afterpay Ltd (ASX: APT) announced its highly-anticipated H1 FY21 results on 25 February.
The results highlight classic Afterpay growth. This falls across all key metrics including a 106% increase in underlying sales to $9.8 billion and a 521% surge in earnings before interest, tax, depreciation and amortisation (EBITDA) to $47.9 million.
Despite the strong results, the Afterpay share price is down 25%. This fall has come since its record all-time highs of $160.05 set on 11 February. Its bleeding continued last week, falling by about 5% to close at $115.40.
Results and share price performance aside, there was one update that…
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