Chanticleer

Why Afterpay sees post-Square growth in ‘multiples, not percentages’

Afterpay’s last set of results contain important clues about the direction the group is heading in as it prepares to be swallowed up by Square.

Updated Aug 25, 2021 – 1.15pm, first published at 11.58am

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With US technology giant Square set to scoop up Afterpay in a $39 billion deal, the numbers in the Australian buy now, pay later giant’s final results as an ASX-listed company are a little academic.

Yes, earnings before interest, tax, depreciation and amortisation (the company’s preferred guide to profitability) slipped 13 per cent to $38.7 million, as share-based compensation paid to employees exploded, as did marketing costs.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.