Afterpay's loss widens nearly 700pc even as revenues keep growing, rival Zip's headline loss even bigger

 Afterpay's loss has widened by nearly 700 per cent, even as the company came close to doubling revenues last year, with success bringing some of its own costs.

Rival Zip's results, also out today, revealed the same story of rapid expansion dramatically boosting costs, even as revenue grew strongly.

To devotees of the business model, it is further evidence of future success.

Read more: https://www.abc.net.au/news/2021-08-25/afterpay-zip-profit-financial-results-square-takeover-bnpl/100404104




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