MoneyHero Group Reports First Quarter 2025 Results
From GlobeNewswire: 2025-06-13 07:00:00
MoneyHero Limited (Nasdaq: MNY) reported financial results for Q1 2025 showing a 49% improvement in Adjusted EBITDA loss to US$(3.3) million. Revenue mix improved with high-margin insurance and wealth revenue accounting for 25% of revenue. Cost of revenue fell by 55% YoY. The company’s net loss narrowed to US$(2.4) million. Management is optimistic about sustainable, profitable growth.
The company’s CEO, Rohith Murthy, highlighted the strategic pivot initiated in 2024, resulting in significant financial progress. The business reallocated resources toward higher-margin verticals like insurance and wealth, which now account for 25% of total revenue. Operational efficiency gains were made through AI implementation, resulting in improved unit economics and member base expansion by 38% YoY.
In Q1 2025, MoneyHero’s revenue decreased by 35% YoY to US$14.3 million, reflecting a strategic shift to enhance revenue quality. Revenue from insurance products increased by 4% YoY to US$1.9 million, while revenue from wealth products increased by 20% YoY to US$1.7 million. Cost of revenue decreased by 55% YoY to US$6.4 million, improving gross margins.
Adjusted EBITDA loss improved to US$(3.3) million in Q1 2025 from US$(6.4) million in the prior year period. Monthly unique users for the quarter were 5.7 million, with MoneyHero Group Members growing by 38% YoY to 8.1 million. The company remains confident in achieving positive Adjusted EBITDA in the latter part of 2025. For more information, visit MoneyHero Group’s Investor Relations website.
Read more at GlobeNewswire:: MoneyHero Group Reports First Quarter 2025 Results