MoneyHero (NASDAQ:MNY) Announces Earnings Results, Misses Expectations By $0.01 EPS

MoneyHero (NASDAQ:MNY) announced its earnings results on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01), FiscalAI reports. The company had revenue of $15.75 million for the quarter, compared to the consensus estimate of $21.53 million. MoneyHero had a negative return on equity of 16.25% and a negative net margin of 12.53%.

Here are the key takeaways from MoneyHero’s conference call:

• Positive Sentiment: Adjusted EBITDA loss narrowed 17% year over year to $1.6 million in Q2 and 49% to $2.7 million for the first half, while the company ended the period with $28.2 million in cash and no debt.
• Neutral Sentiment: Reported Q2 revenue fell 13% year over year to $15.8 million, largely because $5.1 million of cash rewards are deducted from revenue under IFRS. Including rewards, transaction value was flat in Q2 and rose 9% year over year in the first half.
• Positive Sentiment: The company reported improved funnel quality and cost discipline, including a nine-percentage-point increase in approval rates to 48%, a 50% reduction in technology costs, and a 12% decline in advertising and marketing expenses.
• Positive Sentiment: Management highlighted new growth initiatives, including a Singapore home-loan comparison category, Hong Kong’s online life-insurance marketplace, exclusive banking partnerships, and AI-enabled products intended to improve engagement and lower acquisition and support costs.
• Negative Sentiment: Credit-card revenue declined 18% year over year, while management acknowledged softer application volumes and said it must stabilize Singapore and rebuild Taiwan volume on a more profitable basis amid dynamic market conditions.

MoneyHero Stock Performance

Shares of MNY opened at $0.77 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $0.92 and its two-hundred day simple moving average is $1.17. MoneyHero has a 12 month low of $0.75 and a 12 month high of $2.40. The stock has a market capitalization of $33.66 million, a P/E ratio of -2.56 and a beta of 1.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MoneyHero stock. Virtu Financial LLC bought a new position in shares of MoneyHero Limited (NASDAQ:MNY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned 0.06% of MoneyHero at the end of the most recent reporting period. 30.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded MoneyHero from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

About MoneyHero

MoneyHero Group Ltd (NASDAQ: MNY) operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.