MoneyHero reports Q2 EPS 0c vs. (30c) last year

Reports Q2 revenue $18.02M vs. $20.67M last year. Rohith Murthy, Chief Executive Officer, stated: “We set out to reshape MoneyHero (MNY) for durable, profitable growth – and our Q2 results reflect the significant progress we have made. Our strategy has resulted in net income of US$0.2 million in Q2 versus a net loss of US$(12.2) million during the same period last year, Adjusted EBITDA loss improving by 79% year-over-year to US$(2.0) million, cost of revenue falling 16 percentage points year-over-year to 51% of revenue, and the high-margin Insurance and Wealth verticals now accounting for 27% of revenue, up 5 percentage points year-over-year. Group membership on the platform also expanded by 33% year-over-year to 8.6 million, underscoring the reach and engagement driving our improving revenue mix. Together, these elements – optimized revenue mix, improving margins, and disciplined operations – serve as the compounding levers driving us forward in the right direction.”