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BUZZ-Sezzle rises after lifting annual profit forecast

ReutersFeb 26, 2025 12:31 PM

Shares of buy now, pay later firm Sezzle SEZL.O up 17.3% at $341.86 in premarket trading

SEZL late Tuesday forecast FY 2025 net income per share of $13.25, higher than its earlier expectation of $12

Co also expects total revenue growth of 25% to 30% in FY 2025

Meanwhile, Q4 net income reached all-time high of $25.4 million, compared with $2.9 million a year earlier

Strong growth came as revenue more than doubled to $98.2 million, driven by robust holiday season

The results were in part also driven by positive impact from SEZL's recent partnership with Utah-based WebBank, which has allowed it to unify fee structure in U.S., leading to increased revenue and gross margin, Northland analyst Mike Grondahl says

Adds that enhancing shopping experience and launching new products looks to be key theme for SEZL in 2025

SEZL stock up 14% YTD

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