Overview

* WM Technology ( MAPS ) Q3 revenue slightly missed analyst expectations, declining from prior year

* Net income for Q3 decreased to $3.6 mln from $5.3 mln year-over-year

* Company's cash increased to $62.6 mln, reflecting strong balance sheet management

Outlook

* WM Technology estimates Q4 2025 revenue between $41 mln and $43 mln

* Company expects Q4 2025 Adjusted EBITDA of $5 mln to $7 mln

Result Drivers

* INDUSTRY PRESSURES - Revenue decline attributed to ongoing challenges in core markets, including pricing pressure affecting client margins and marketing budgets

* CLIENT ACQUISITION - Increase in average monthly paying clients due to new client acquisitions in developing markets, offset by churn in established markets

* SPENDING DECLINE - Decrease in average monthly revenues per paying client due to spend declines in established markets and lower spend levels from new clients

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $42.18 $42.50

Revenue Miss* mln mln (2

Analysts

)

Q3 Net $3.64

Income mln

Q3 $3.65

Pretax mln

Profit

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

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

* Wall Street's median 12-month price target for WM Technology Inc ( MAPS ) is $2.61, about 60.9% above its November 5 closing price of $1.02

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

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(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.)