MoneyHero (MNY) Q1 2025 earnings summary

Executive summary

• Net loss narrowed to US$2.4 million from US$13.1 million year-over-year, driven by cost reductions, improved revenue mix, and operational efficiency.

• Adjusted EBITDA loss improved to US$3.3 million, reflecting margin expansion and AI-driven automation.

• Strategic focus shifted to higher quality, higher margin revenue streams, especially in insurance and wealth, which now comprise 25% of total revenue.

• Member base grew 38% year-over-year to over 8 million, with marketing costs down 25% year-over-year.

• Launched innovative products and partnerships, including Credit Hero Club with TransUnion and embedded insurance with Bolttech.

Financial highlights

• Q1 2025 revenue declined 35% year-over-year to US$14.3 million due to reduced marketing spend and focus on margin.

• Gross margin expanded as cost of revenue dropped 55% year-over-year, now 44% of revenue.

• Operating expenses declined 26% year-over-year, including a 26% reduction in employee-related costs.

• Adjusted EBITDA margin improved to (23.1)% from (29.0)% year-over-year.

• Net loss for the period was US$2.4 million, a significant improvement from US$13.1 million year-over-year.

Outlook and guidance

• On track to achieve positive adjusted EBITDA in the latter part of 2025.

• Targeting US$100 million in revenue for full year 2025.

• Expect sequential improvements in adjusted EBITDA and margins throughout 2025.

• Anticipate topline growth in H2 2025 from new banking partnerships and product launches.

• Continued margin expansion and sustainable profitability expected as high-margin verticals grow.