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Why the Laybuy (ASX:LBY) share price is surging higher today




The Laybuy Holdings Ltd (ASX: LBY) share price is on the run today following its latest Q3 results update to the ASX market.

In mid-morning trade, the buy now, pay later (BNPL) provider’s shares are up 4.7% to $1.34.

What’s driving the Laybuy share price higher?

The Laybuy share price is pushing higher after investors seem pleased with the company’s performance over the third quarter.

For the period ending 31 December, Laybuy delivered gross merchandise value (GMV) of a record NZ$182 million. This represented an increase of 184% on the prior corresponding period and 44% over the prior quarter. On an annualised scale, GMV reached around NZ$730 million for the company.

The milestone result was underpinned by Black Friday week…

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