Earnings release
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For personal use only 18 October 2021 Zip Q1 FY22 RESULTS UPDATE ZIP DELIVERS , REBRAND COMPLETE Zip Co Limited ( ASX : Z1P ) ( " Zip ” , or the “ Company ” ) is pleased to announce today its Q1 results for the period ending 30 September 2021 . * KEY HIGHLIGHTS ( Q1 FY22 ) ¹ © Note : all figures in AUD unless otherwise specified . Record group quarterly revenue of $ 136.8m ( up 89 % YoY ) . Record quarterly transaction volume of $ 1.9b ( up 101 % YoY ) . ● Record transaction numbers for the quarter of 14.7m ( up 177 % YoY ) . Customer numbers increased to 8.0m ( up 82 % YoY ) . ● Merchants on the platform increased to 55.2k ( up 71 % YoY ) . Successfully completed a global rebrand to the new look Zip in 6 countries with the US changing from Quadpay to Zip . Brand launch campaign underway in the US from mid - October . App downloads remained robust during the rebrand with 1.5m downloads for Zip US ( now 7.3m in total ) and 412k downloads for Zip ANZ ( now 3.7m in total ) . Entered into an agreement with Microsoft ( NASDAQ : MSFT ) to integrate Zip's instalment payment technology natively into the shopping experience within the Microsoft Edge web browser . ● Maintained market leading BNPL margins with revenue as a % of TTV at 7.0 % . Continued execution of the global expansion strategy with an exciting move into India via a strategic investment in ZestMoney . ZestMoney is one of the largest and fastest growing BNPL platforms in India with over 11 million registered users , over 10,000 online merchants , and with points of presence in over 75,000 physical stores . Zip AU completed its latest Master Trust issuance , an oversubscribed , upsized $ 650m tranche with senior notes receiving a AAA rating . 1 Based on Zip unaudited financials as of 30 September 2021. All figures in AUD . All financial figures are translated into AUD using the average foreign exchange rates for the respective periods . All metrics are actuals , except for comparatives which include entities not acquired in comparative periods are reported on a pro - forma basis .