MoneyHero Limited (MNY) has released an update.
MoneyHero Limited reported a strong third quarter in 2024, with a 6% increase in revenue year-over-year to $20.9 million, driven by growth in high-margin products such as personal loans and insurance. The company achieved a net income of $5.7 million, a significant turnaround from the previous quarter’s loss, thanks to strategic restructuring and operational efficiency. MoneyHero’s focus on scaling high-margin offerings and streamlining costs is positioning it for sustainable growth and improved shareholder value.
For further insights into MNY stock, check out TipRanks’ Stock Analysis page.