Afterpay Limited (ASX:APT) has released its Q1 FY2021 business update for period ended 30 September 2020. The Company delivered a strong performance across all regions with underlying sales growth of 115%.
- Active customers increased 98% to 11.2 million, with US reaching over 6.5 million.
- 45% of the like for like sales growth during the period was driven by Millennials, with Gen X and Gen Z driving 25% and 24% respectively.
- Active merchants improved by 70% to 63.8k as compared to the previous corresponding period.
APT shares quoted at A$98.150 at AEDT 01:45 PM on 29 October 2020.