MoneyHero narrows adjusted loss despite lower quarterly revenue
MoneyHero’s ($MNY) second-quarter revenue declined about 13% to $15.8 million, while its adjusted EBITDA loss narrowed to approximately $1.6 million from $2 million. The net loss was about $1.2 million. The company finished the period with $28.2 million in cash and no debt. Application approval rates improved, but the total number of approved applications declined, underscoring that a better conversion percentage does not necessarily mean higher volumes. Cash-reward costs also increased as the b
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