MoneyHero Limited Stock Price, News & Analysis

MoneyHero (MNY) reported Q3 2024 results with revenue of US$20.9 million, up 6% year-over-year. The company achieved a net income of $5.7 million compared to a Q2 net loss of $(12.2) million, primarily driven by unrealized foreign exchange gains. Adjusted EBITDA improved by 40% quarter-on-quarter to $(5.5) million.

Key highlights include: Personal Loans and Mortgages revenue grew 34% YoY, Wealth/Investment product revenues increased nearly 5x YoY, and Insurance revenue grew 36% YoY. The company maintains a debt-free balance sheet with US$47.7 million in cash. Geographic performance showed mixed results with Hong Kong revenue up 18% YoY to $8.1M, Philippines up 49% to $4.0M, while Singapore declined 13% to $7.9M.

MoneyHero (Nasdaq: MNY), a leading personal finance comparison platform in Greater Southeast Asia, has scheduled its third quarter 2024 financial results announcement for Tuesday, December 10, 2024, before market opening. The company will host a conference call to discuss the results at 8:00 a.m. EST on the same day. Interested parties can access the webcast and audio conference through provided links, with the webcast replay available on the Investor Relations website for 12 months after the event.

MoneyHero (Nasdaq: MNY) reported strong Q2 2024 results with revenue increasing 24% year-over-year to US$20.7 million. Key highlights include:

- Singapore revenue surged 68% YoY to US$9.0 million
- Hong Kong revenue grew 19% YoY to US$7.3 million
- Insurance product revenue increased 89% YoY to US$2.2 million
- Approved applications up 50% YoY to 211,000
- MoneyHero Group Members grew 53% YoY to 6.5 million

Despite growth, the company reported a loss of US$(12.2) million and Adjusted EBITDA loss of US$(9.3) million due to strategic investments. MoneyHero expects to achieve Adjusted EBITDA profitability on a monthly basis by Q4 2024, supported by operational efficiency measures and focus on higher-margin products.

MoneyHero (Nasdaq: MNY), a leading personal finance aggregation and comparison platform in Greater Southeast Asia, has announced it will release its second quarter 2024 results on Thursday, September 19, 2024 before market opens. The company will hold a conference call to discuss the results at 8:00 a.m. EST on the same day.

Investors and interested parties can access the webcast or audio conference through provided registration links. The webcast replay will be available on the Investor Relations website for 12 months following the event.

MoneyHero (NASDAQ: MNY), the leading personal finance and digital insurance aggregation platform in Southeast Asia, signed a strategic transaction with Malaysian fintech company, Jirnexu Pte. , the parent company of RinggitPlus. Jirnexu Sdn. Bhd. will acquire the CompareHero brand, its website, domain names, select user data, and IP rights from MoneyHero. MoneyHero will retain an equity stake in Jirnexu Pte. The deal is set to close in early July 2024. CEO Rohith Murthy emphasized that the transaction allows MoneyHero to reallocate resources to core markets like Singapore, Hong Kong, Taiwan, and the Philippines while maintaining long-term investment in Malaysia. CompareHero, launched by MoneyHero in 2013, will continue under Jirnexu Sdn. Bhd.'s management.

MoneyHero Group has appointed Steve Teichman to its Board of Directors, effective immediately. Teichman, currently Counsel of Pacific Century Group and Managing Director of PineBridge, brings over 30 years of senior legal and financial experience.

He has advised Fortune 500 companies and U.S. publicly traded firms, and he has a deep understanding of corporate transactions, M&A, and venture capital. CEO Rohith Murthy highlighted Teichman's extensive knowledge and strategic alignment with MoneyHero's growth plans.

Teichman's appointment aims to leverage his global expertise to boost MoneyHero's operations in APAC and strengthen its foothold in U.S. capital markets. This move signifies a strategic enhancement to MoneyHero's leadership amid its scaling efforts post-Nasdaq listing.

MoneyHero Group (NASDAQ: MNY) reported a 24% year-over-year revenue growth for Q1 2024, reaching US$22.2 million. Key growth drivers included a 72% increase in approved applications and a 44% rise in insurance brokerage revenue. Despite these gains, the company reported an adjusted EBITDA loss of US$(6.4) million, attributed to increased marketing and operational costs to expand market share. Singapore and Hong Kong showed strong revenue growth, while Taiwan and the Philippines faced declines due to market exits and revised pricing terms. The company remains debt-free with a strong cash position of US$60 million as of March 31, 2024.

MoneyHero, a leading personal finance comparison platform in Southeast Asia, announced the release of its Q1 2024 financial results on June 24, 2024, before market opens. A conference call to discuss the results will be held the same day at 8:00 a.m. EST. The event will be accessible via webcast and audio conference, with replays available on the Investor Relations website for 12 months.

MoneyHero (NASDAQ: MNY) has appointed Hao Qian, a former finance executive at Alibaba, Amazon, and Credit Suisse, as their new Chief Financial Officer. With over 17 years of financial and leadership experience, Mr. Qian will oversee financial operations, strategic initiatives, and commercial partnerships. His appointment aims to drive shareholder value and support the company's growth strategies.