Qiwi PLC (QIWI) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Qiwi PLC reported a significant turnaround in its financial performance for the year 2023, with substantial growth in revenue, net profit, and adjusted EBITDA, reflecting a strong recovery from the previous year’s losses. Following the divestiture of its Russian operations, the company is now focusing on expanding its payment and financial services in Kazakhstan, the UAE, and investing in fintech across various regions. These strategic moves, supported by a healthy balance sheet, position Qiwi for further development in the global fintech sector.
For further insights into QIWI stock, check out TipRanks’ Stock Analysis page.