Afterpay annual loss halves as U.S. sales soar

(Reuters) – Australian buy now, pay later (BNPL) firm Afterpay Ltd (APT.AX) said on Thursday its full-year loss narrowed 54%, as sales in the United States sky-rocketed due to the popularity of alternative credit firms during the COVID-19 pandemic.

The world’s most valuable BNPL company reported a loss attributable to shareholders of A$19.8 million ($14.3 million) for the year ended June 30, compared with a loss of A$42.9 million a year earlier.

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