Latest / What the Flux / Xero's profit soars...but its share price doesn't | Google releases AI shopping tools | Visa launches digital currency program

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Xero's profit soars...but its share price doesn't | Google releases AI shopping tools | Visa launches digital currency program · What the Flux

• 0:05
  Speaker 1: This is what the flux.
• 0:06
  Speaker 2: I'm bred justin and at Monday, the seventeenth of November,
• 0:09
  Speaker 2: holiday homeowners, your sandy toes are unnoticed.
• 0:12
  Speaker 1: According to the ATO. The ATO has worn that holiday
• 0:15
  Speaker 1: homeowners may be denied taxted actions if the property is
• 0:18
  Speaker 1: considered to be mainly for personal use. The main test
• 0:21
  Speaker 1: here is is it available to be rented out on
• 0:24
  Speaker 1: Easter or Charristmas? If those dates are mysteriously blocked out
• 0:27
  Speaker 1: every year, you might be in a bit of stripe.
• 0:29
  Speaker 2: The ahto is coming. Uh huh fox amm did you
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  Speaker 2: know the average Australian splurges of forty four dollars a
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  Speaker 2: week on impulse purchases and it's even worse during those
• 0:38
  Speaker 2: black Friday times like now. So if you want some
• 0:40
  Speaker 2: tips on how to say goodbye to impulse spending, we
• 0:43
  Speaker 2: have it all covered in the Flex app with six
• 0:45
  Speaker 2: simple tips that will help you reduce those impulse purchases.
• 0:48
  Speaker 2: Make sure to download the Flex app to check it out.
• 0:50
  Speaker 1: Three fabulous stories today Juzzy Boy, Let's do it for
• 0:54
  Speaker 1: our first zero has seen It's half your profit jump
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  Speaker 1: forty two percent, but it shares still drop nine percent
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  Speaker 1: on this news. As investors worry about its big US push.
• 1:03
  Speaker 2: Forty two percent wasn't good enough for them? B Man,
• 1:05
  Speaker 2: someone checked the calculator batteries. Tell me more, all right?
• 1:08
  Speaker 1: So Zero is the cloud accounting software born in New
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  Speaker 1: Zealand in two thousand and six.
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  Speaker 2: And as you know, Zero went full cloud at a
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  Speaker 2: time when its competitors were still selling cd ROMs.
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  Speaker 1: In fact, Zero is now used by more than four
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  Speaker 1: million small business owners worldwide.
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  Speaker 2: And now Zero's announced they're half yearsults, with their after
• 1:24
  Speaker 2: tax profit up forty two percent to one hundred and
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  Speaker 2: thirty five million New Zealand dollars.
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  Speaker 1: Throw on top of that, its half yearly revenue was
• 1:30
  Speaker 1: up twenty percent to one point two billion New Zealand dollars.
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  Speaker 2: But its share price still got hit with a nine
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  Speaker 2: percent fall.
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  Speaker 1: How does that work? Isn't accounting meant to be all
• 1:38
  Speaker 1: neat rows and tidy formulas?
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  Speaker 2: Wellb Man. Investors are pretty nervous about Zero's seven hundred
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  Speaker 2: million New Zealand dollar purchase of Millio, a six year
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  Speaker 2: old US payment startup that is still unprofitable.
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  Speaker 1: Throw on top of that, Zero's North American revenue also
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  Speaker 1: missed forecast by over twenty percent.
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  Speaker 2: But be Man. It seems like with this big acquisition,
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  Speaker 2: Zero is throwing the kitchen sink and the office calculate
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  Speaker 2: at making its US business work.
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  Speaker 1: So what is the key learning here?
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  Speaker 2: Big markets come with big opportunities, but also big expectations.
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  Speaker 1: For Zero, the US is the biggest price they've got.
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  Speaker 2: Which means every data point from that region carries extra weight.
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  Speaker 1: So when North American half year revenue comes in twenty
• 2:17
  Speaker 1: million New Zealand dollars below expectations, it raises some concern
• 2:21
  Speaker 1: for investors.
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  Speaker 2: Yeah, it hints that the path to scale in the
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  Speaker 2: US may be slower all more expensive than hoped.
• 2:26
  Speaker 1: And jesyboy Milio is still burning cash, which means it's
• 2:30
  Speaker 1: like that it hit Zero's famously juicy margins for a while.
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  Speaker 2: So b Man, Zero investors want reassurance that it's US
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  Speaker 2: momentum is building.
• 2:37
  Speaker 1: Quarter by quarter and not just becoming a drag on
• 2:39
  Speaker 1: the overall business. For our second story, Google has released
• 2:43
  Speaker 1: a huge batch of new AI shopping tools that are
• 2:46
  Speaker 1: planning to make online browsing experiences a little bit easier.
• 2:49
  Speaker 1: Nothing says the thoughtful Christmas presence like outsourcing your present
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  Speaker 1: shopping to a robot tell me more.
• 2:55
  Speaker 2: Okay, So Google is obviously this search and adds giant
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  Speaker 2: that basically powers half the Internet.
• 3:00
  Speaker 1: We'd be talking Google Search, Maps, Calendar, Gmail Translate, and
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  Speaker 1: YouTube and Android, and don't forget Google Shopping.
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  Speaker 2: In fact, they man Google shopping graph holds over fifty
• 3:10
  Speaker 2: billion product listings and updates two billion of them every
• 3:13
  Speaker 2: single hour.
• 3:14
  Speaker 1: Now Google has rolled out a series of new AI
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  Speaker 1: powered shopping features. Google is leaning into what we like
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  Speaker 1: to call a gentic AI that can actually do things
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  Speaker 1: including buying stuff for you.
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  Speaker 2: For example, be Man, The features let you track prices
• 3:27
  Speaker 2: of products and then auto buys the product once it's
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  Speaker 2: in your price range and JH Boyd.
• 3:30
  Speaker 1: They've also rolled out an aiphone call feature.
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  Speaker 2: Yeah, it'll literally wrenk your local store and ask about
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  Speaker 2: the stock, the prices, the promos.
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  Speaker 1: And no surprises here. Google is adding sponsored listings to
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  Speaker 1: its AI mode as well.
• 3:43
  Speaker 2: Even Santa has to make some money somehow, be Man.
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  Speaker 1: But overall, Google is hoping that this AI mode will
• 3:48
  Speaker 1: shift the whole online shopping experience.
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  Speaker 2: So what is the key learning here?
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  Speaker 1: Shopping has shifted with every major technology wave, and now
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  Speaker 1: AI is set to redefine it all over again.
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  Speaker 2: You see, shopping in the twentieth and twenty first centuries
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  Speaker 2: has gone through some major changes.
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  Speaker 1: There was, and still is, the physical stores to purchase goods.
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  Speaker 2: The touch, the smell, the impulse purchases you swear you
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  Speaker 2: need it yep.
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  Speaker 1: Then the online marketplaces began to grow rapidly and say
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  Speaker 1: the late nineties and early two thousands during an e
• 4:13
  Speaker 1: commerce boom.
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  Speaker 2: And now Google wants agentic shopping to become the future
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  Speaker 2: of shopping online.
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  Speaker 1: And juz boy. The global agentic ao market is projected
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  Speaker 1: to grow rapidly over the next seven years.
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  Speaker 2: In fact, it's currently at around seven billion US dollars
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  Speaker 2: in twenty twenty five, but it's expected to get to
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  Speaker 2: ninety three billion US dollars by twenty thirty two.
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  Speaker 1: We're talking a compound and your growth rate of forty
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  Speaker 1: four percent according to Markets and Markets Research.
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  Speaker 2: And the man with Christmas shopping coming up, Google wants
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  Speaker 2: its AI tools front end center right.
• 4:40
  Speaker 1: When consumers are buying.
• 4:42
  Speaker 2: Most For our third and final story, Visa has launched
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  Speaker 2: a pilot program that allows businesses to pay using stable
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  Speaker 2: coins directly into digital worlds.
• 4:51
  Speaker 1: Crypto making another comeback after another comeback, what's going on here?
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  Speaker 2: We'll man Visa is the og payments company turning plastic
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  Speaker 2: rectangles into global purchases since nineteen fifty eight.
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  Speaker 1: That's right, Visa connect consumers and banks and businesses and
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  Speaker 1: governments so people can pay for things electronically.
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  Speaker 2: And Visa is in over two hundred countries and is
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  Speaker 2: the sixteenth largest company by market cap in the world.
• 5:13
  Speaker 1: And now Visa has launched a new pilot program called
• 5:15
  Speaker 1: Visa Direct.
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  Speaker 2: Basically, instead of using bank accounts, this Visa Direct program
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  Speaker 2: allows businesses to pay directly to people using a US
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  Speaker 2: dollar back to stable coin.
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  Speaker 1: Which means gig workers and creators could get paid with
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  Speaker 1: stable coins instead of traditional payment types.
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  Speaker 2: And they man. The program's currently restricted to select partners,
• 5:32
  Speaker 2: but it will be expanded in twenty twenty six.
• 5:35
  Speaker 1: So what is the key learning here?
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  Speaker 2: Stable Coins are a digital currency that's designed to hold
• 5:39
  Speaker 2: a steady value because they're pegged to a real currency
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  Speaker 2: like the US dollar.
• 5:43
  Speaker 1: While cryptos like Bitcoin or etheroeum are more popular, they're
• 5:46
  Speaker 1: also way more volatile.
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  Speaker 2: So the consistent pricing of stable coins makes them a
• 5:50
  Speaker 2: bit more practical for everyday transactions because the price doesn't
• 5:53
  Speaker 2: change each and every second looking at you Bitcoin.
• 5:56
  Speaker 1: And Jazzy Boy. Stable coins can offer a pretty good
• 5:58
  Speaker 1: way for people to store value in countries suffer from
• 6:00
  Speaker 1: a little bit of currency volatility or a poor banking infrastructure,
• 6:03
  Speaker 1: and Visa stepping in is a pretty big deal.
• 6:06
  Speaker 2: Yeah, lots of companies talk about crypto payments, but only
• 6:08
  Speaker 2: a few actually move money at visas scale.
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  Speaker 1: In fact, Visa processes about four hundred million transactions per day.
• 6:15
  Speaker 2: So if anyone can nudge stable coins into the mainstream,
• 6:18
  Speaker 2: it's definitely Visa. Yeah, Fox am, if you've been caught
• 6:21
  Speaker 2: impulse spending during this Black Friday period, buying many things
• 6:24
  Speaker 2: that you can justify now but maybe not in a
• 6:26
  Speaker 2: couple of weeks time, we have one of the great
• 6:28
  Speaker 2: articles in the Flux app around how to say goodbye
• 6:30
  Speaker 2: to impulse spending six simple tips, So if you want
• 6:32
  Speaker 2: to learn more, make sure to download the Flex app
• 6:34
  Speaker 2: and check out our latest article.
• 6:35
  Speaker 1: Thanks for listening and we'll see you on Wednesday.