Competitive ComparisonRevolut's performance in Wealth and Subscription services stood out compared to Wise.
Financial PerformanceWise grew uIncome 14% cc y/y, impacted by -300bp FX, (+3% q/q) to £362m, missing by 3% cons/JEFe.
Foreign Exchange ImpactDriven by higher FX headwinds (USD), estimates were trimmed and price target lowered.