Published:
MoneyHero Group narrows net loss to $3m in Q1
It was supported by lower operating costs and non-operating expenses.
MoneyHero Group narrowed its net loss to$3m (US$2.4m) in Q1 2025 from $17m (US13.3m) a year ago.
The company said this was supported by lower operating costs and non-operating expenses.
Revenue fell by 35% year-over-year to $18.3m (US$14.3m) as the company shifted toward diversifying its revenue mix to enhance profitability.
Meanwhile, revenue from insurance products increased by 4% YoY to $2.4m (US$1.9m), accounting for 13% of total revenue.
Additionally, revenue from wealth products grew by 20% YoY to $2.1m (US$1.7m).
($1=US$0.77)