Record Q2 Revenue and Growth
EZCORP achieved record Q2 revenue of $318.9 million, marking a 12% year-on-year increase. PLO grew 15% to a Q2 record of $271.8 million. EBITDA increased by 23% to $45.1 million and diluted EPS grew by 21% to $0.34.
Strong Performance in Latin America
Total revenues in Latin America increased by 25% to $97.5 million. PLO growth was 17%, and EBITDA grew by 36% to $13.6 million, indicating robust performance in the region.
U.S. Pawn Segment Growth
Revenue for the U.S. pawn segment increased by 7% to $221.4 million. Earning assets grew by 21%, with a 15% increase in average loan size for the quarter across the U.S.
Expansion of De Novo Stores
EZCORP opened nine De Novo stores in Latin America and acquired one store in Guatemala, expanding their footprint and operational efficiency.
EZ+ Rewards Program Growth
The EZ+ Rewards program saw a 34% increase in membership to 6.2 million, accounting for 77% of all transactions this quarter.