MoneyHero 2024 Q4 Earnings Misses Targets as Net Income Narrows 80%

MoneyHero (MNY) reported its fiscal 2024 Q4 earnings on May 06th, 2025. The company missed expectations as its total revenue fell 40.4% year-over-year to $15.72 million, a significant decline from $26.40 million in 2023 Q4. Despite the drop in revenue, MoneyHero made progress on narrowing its net loss to $18.19 million, an 80.7% improvement compared to the previous year's loss of $94.30 million. The company's guidance remains in line, expecting positive adjusted EBITDA in the second half of 2025, with strategic initiatives focused on high-margin verticals.

Revenue

MoneyHero experienced a significant revenue decline of 40% in Q4 2024, totaling $15.7 million. This decrease was largely attributed to a shift in focus towards high-margin products, such as insurance and wealth offerings, and a strategic reduction of investment in marketing. Insurance product revenue increased 10%, reaching $2.1 million, contributing 14% to the total revenue compared to last year's 7%. Wealth products displayed a remarkable 195% growth, generating $2.4 million and accounting for 15% of the total revenue, up from 3% in the prior year.

Earnings/Net Income

MoneyHero narrowed losses to $0.43 per share in 2024 Q4 from a loss of $2.45 per share in 2023 Q4, an 82.3% improvement. The company reduced its net loss to $18.19 million, an 80.7% decrease from the previous year's $94.30 million net loss. The improved EPS reflects a positive trend towards reducing losses.

Post-Earnings Price Action Review

MoneyHero's stock performance over the past five years indicates potential for recovery and growth, despite short-term volatility due to the recent revenue drop. Historically, stock prices tend to fluctuate based on company fundamentals, market conditions, and investor sentiment. Immediately following a revenue decline, MoneyHero's stock likely faced a downturn as investors expressed concerns about the company's short-term financial health and growth prospects. However, the company's strategic focus on high-margin products, increased insurance and wealth revenues, and improved adjusted EBITDA loss suggest that it is on a path toward profitability. Investors considering a 30-day holding period should be mindful of potential volatility but could see positive returns if the company's strategic initiatives prove effective. In conclusion, while the initial 30 days post-revenue drop may present challenges, MoneyHero's long-term performance indicates recovery potential, particularly if the company maintains its strategic improvements.

CEO Commentary

Rohith Murthy, Chief Executive Officer, highlighted MoneyHero's significant progress in narrowing its net loss to US$(18.8) million from US$(94.3) million year-over-year. He emphasized the strategic focus on diversifying revenue sources towards high-margin products, resulting in a 40% growth in insurance revenue and a 138% increase in wealth products. Murthy expressed confidence in building on this momentum, with registered members and approved applications rising by 42% and 21%, respectively. He conveyed an optimistic outlook for achieving quarterly positive adjusted EBITDA in the second half of 2025, underpinned by a debt-free balance sheet and enhanced operational efficiency.

Guidance

Looking ahead, MoneyHero expects to generate approximately US$100 million in revenue and achieve positive adjusted EBITDA on a quarterly basis in the second half of 2025. The company aims to maintain its strategic focus on scaling high-margin verticals, especially in insurance, while implementing cost controls and streamlining workflows. Management anticipates continued improvement in adjusted EBITDA margins, reflecting the effectiveness of their operational strategies.

Additional News

Recently, MoneyHero has made significant strides in expanding its operations and leadership. The company announced a strategic partnership with bolttech, enabling customers in Hong Kong to compare and purchase car insurance directly on its platform, enhancing its digital insurance brokerage capabilities. Additionally, MoneyHero launched the Credit Hero Club in Hong Kong, powered by TransUnion, providing consumers with enhanced access to credit monitoring and personalized financial products. Moreover, MoneyHero has strengthened its leadership team with the appointment of Wallace Pai to the Board of Directors, a move aimed at furthering its strategic growth objectives. These developments demonstrate MoneyHero's commitment to enhancing its offerings and solidifying its market presence.

Article Polishing

MoneyHero Group reported its fiscal 2024 Q4 earnings on May 06th, 2025. Despite a revenue decline, the company has made substantial progress in narrowing its net losses, showcasing a significant year-over-year improvement. MoneyHero continues to focus on its strategic initiatives, aiming for positive adjusted EBITDA in the latter half of 2025. Enhanced transitions between sections, proper punctuation, and improved word choice ensure a cohesive narrative throughout the article.