Sezzle Inc (SEZL) shares surged 17.35% in after-hours trading on Tuesday, following the release of the company's impressive fourth quarter and fiscal year 2024 results. The fintech firm's strong financial performance, coupled with an upbeat outlook for 2025, fueled investor enthusiasm, driving the stock higher.
For the fourth quarter, Sezzle reported record Gross Merchandise Volume (GMV) of $855.4 million, up 42.1% year-over-year, reflecting robust consumer demand during the holiday season. Total Revenue doubled to $98.2 million, driven by the company's expanding subscriber base and the positive impact of its WebBank partnership.
The company's profitability also soared, with Net Income reaching an all-time high of $25.4 million, or $4.21 per diluted share, representing a remarkable 721.5% increase compared to the prior year. Adjusted EBITDA surged to $32.5 million, or 33.1% of Total Revenue, fueled by Sezzle's disciplined cost management strategy.
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