Sezzle Reports Strong Q3 2024 Performance with Revenue Growth and New Banking Program

Sezzle Inc. (NASDAQ: SEZL), a digital payment platform, announced robust third-quarter results for 2024, reporting a 40.6% year-over-year increase in Underlying Merchant Sales (UMS) to $659.9 million and a 71.3% jump in revenue to $70 million. The company’s new banking program with WebBank, launched at the end of September, has enabled Sezzle to expand its product offerings, including the On-Demand pay-in-4 product.

Operating income surged 289.6% from the previous year to reach $20.8 million, with net income rising to $15.4 million, or $2.62 per diluted share, compared to $0.23 in Q3 2023. Adjusted net income also set a record at $17.3 million. Following this strong performance, Sezzle has raised its FY2024 revenue growth guidance to 55%, up from the previous estimate of 35%-40%, as it prepares for continued momentum and holiday-season demand.

With cash reserves of $88.3 million and upcoming participation in major investor conferences, Sezzle continues to strengthen its market position and explore capital return options for shareholders.

Man using mobile online banking and payment, Digital marketing. Finance and banking networking. Online shopping and icon customer network connection, cyber security. Business technology.

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