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Moneyhero Q4 2024 Earnings Report
MoneyHero Group reported a significant narrowing of net loss and an improvement in Adjusted EBITDA loss for the fourth quarter of 2024, driven by a strategic shift towards high-margin products and operational efficiencies.
Key Takeaways
MoneyHero Group concluded 2024 with strong financial and operational results in Q4, demonstrating clear progress towards profitability. The company significantly narrowed its net loss and improved its Adjusted EBITDA loss, marking its best quarterly performance since going public. This was achieved by diversifying revenue towards high-margin products, reducing operating expenses, and enhancing operational efficiency. The company is confident in regaining topline growth and achieving positive adjusted EBITDA in the second half of 2025.
Q4 net loss narrowed sharply to US$(18.8) million from US$(94.3) million in the prior year.
Q4 Adjusted EBITDA loss improved to US$(2.9) million from US$(4.6) million in the prior year, marking the best quarterly performance since going public.
Revenue decreased by 40% year-over-year to US$15.7 million, primarily due to a strategic shift towards high-margin products and a high base effect from increased marketing investment in the prior year.
Insurance revenue grew 10% year-over-year to US$2.1 million, and wealth products revenue increased by 195% year-over-year to US$2.4 million in Q4 2024.
Moneyhero
Moneyhero
Moneyhero Revenue by Segment
Moneyhero Revenue by Geographic Location
Revenue by Segment
Credit cards Revenue
CapyFin.comPersonal loans and mortgages Revenue
CapyFin.comWealth Revenue
CapyFin.comInsurance Revenue
CapyFin.comOther verticals Revenue
CapyFin.comRevenue by Geographic Location
Singapore Revenue
CapyFin.comHong Kong Revenue
CapyFin.comTaiwan Revenue
CapyFin.comPhilippines Revenue
CapyFin.comMalaysia Revenue
CapyFin.com Forward Guidance
MoneyHero Group expects to consistently improve adjusted EBITDA, building on the progress made in Q4 2024, and is well-positioned to drive growth momentum into 2025, aiming for positive Adjusted EBITDA on a quarterly basis in the second half of 2025.
Positive Outlook
- Confident in ability to build upon momentum and regain topline growth momentum with US$100 million in revenue.
- Expects to generate positive adjusted EBITDA on a quarterly basis in the second half of 2025.
- Will maintain focus on scaling high-margin verticals, particularly insurance, and continue to tighten cost controls and simplifying workflows.
- Product and tech strategy will continue to follow a 'buy-over-build' philosophy, enabling faster innovation through strategic partnerships, including new initiatives in AI and automation.
- Well-equipped to capture a greater share of a large and growing addressable market and deliver sustainable, long-term value to shareholders with a debt-free balance sheet and US$42.5 million in cash and cash equivalents.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.