MoneyHero Limited (MNY) has released an update.
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MoneyHero Limited posted a robust 24% year-over-year revenue growth in Q1 2024, reaching $22.2 million, despite an increased EBITDA loss of $6.4 million due to strategic investments aimed at market share expansion and user base growth. The financial aggregator platform highlighted significant gains in approved applications, up 72%, and a strong performance in the insurance segment with a 44% revenue increase. With a debt-free balance sheet and substantial cash reserves, MoneyHero is focused on long-term profitability, anticipating a return to adjusted EBITDA profitability by the end of 2024.
For further insights into MNY stock, check out TipRanks’ Stock Analysis page.
