XRO: Revenue up 31% to $2.8B, adjusted EBITDA up 18%, net profit down 27% due to Melio

▤ Summary

Xero reported revenue increased 31% to $2.8B, driven by Melio and customer expansion. Adjusted EBITDA rose 18% to $757M. Net profit fell 27% to $167M, primarily because of Melio's net loss and acquisition-related costs, while underlying profit excluding Melio grew 23%. The results show strong top-line and EBITDA growth but near-term profit dilution from the Melio acquisition.

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Xero

$1B+