Moneyhero Limited ( (MNY) ) has released its Q4 earnings. Here is a breakdown of the information Moneyhero Limited presented to its investors.
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MoneyHero Limited is a prominent personal finance aggregation and comparison platform and a digital insurance brokerage provider operating in Greater Southeast Asia, with a significant presence in Singapore, Hong Kong, Taiwan, and the Philippines.
In the fourth quarter and full year of 2024, MoneyHero Limited reported a significant narrowing of net loss and an improvement in adjusted EBITDA loss, reflecting the company’s strategic focus on high-margin products and operational efficiency. The company also achieved a notable increase in registered members and approved applications.
Key financial highlights include a sharp reduction in net loss to $18.8 million in Q4 2024 from $94.3 million the previous year, and an improved adjusted EBITDA loss of $2.9 million. Revenue from insurance and wealth products saw substantial growth, while overall revenue decreased due to a strategic shift towards high-margin products. Operating costs were significantly reduced, contributing to the improved financial performance.
Looking forward, MoneyHero Limited is set to continue its focus on scaling high-margin verticals, particularly in insurance, while enhancing operational efficiency through AI and automation initiatives. The company is well-positioned for growth with a debt-free balance sheet and a strong cash position, aiming for positive adjusted EBITDA in the latter half of 2025.