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MoneyHero Reports First Quarter 2024 Earnings
MoneyHero (MNY.US) first-quarter revenue increased by 24%, and adjusted EBITDA is expected to turn losses in the second half of the year.
Personal finance and digital insurance comparison platform, MoneyHero (MNY.US), announced its Q1 performance as of March 31 this year. Adjusted EBITDA losses expanded to $6.44 million, compared to a loss of $0.3 million for the same period last year. Operating losses also grew to $12.291 million, compared to a loss of $0.883 million for Q1 2023. Q1 revenue increased by $22.175 million, an increase of 23.9% YoY. For online finance comparison platforms, revenue reached approximately $18.1 million and grew by 22% YoY. In terms of market segmentation, Q1 revenue growth in Singapore increased by 61% to