Overview

* MoneyHero ( MNY ) reports Q2 net income of $0.2 mln, reversing a $12.2 mln loss last year

* Revenue fell 13% yr/yr to $18.0 mln, missing analyst expectations

* Adjusted EBITDA loss improved 79% yr/yr to $2.0 mln, driven by efficiency gains

Outlook

* MoneyHero ( MNY ) expects Insurance and Wealth to be 30% of revenue by year-end

* Company to launch Credit Hero Club in Hong Kong with TransUnion in Q4

* MoneyHero ( MNY ) aims for positive Adjusted EBITDA by late 2025

* Company plans strategic investments in AI and product innovation

Result Drivers

* HIGHER-MARGIN VERTICALS - Insurance and Wealth verticals increased to 27% of revenue, up 5 percentage points YoY

* COST REDUCTIONS - Cost of revenue fell 16 percentage points YoY, contributing to improved gross margins

* AI EFFICIENCY GAINS - AI initiatives reduced customer acquisition costs and improved approval quality

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $18.02 $19.90

Revenue mln mln (1

Analyst)

Q2 -$1.95

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for MoneyHero Ltd ( MNY ) is $4.60, about 51.7% above its September 18 closing price of $2.22

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 319 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)