Mogo Reports Results for Q3 2024 and Expects Positive Adjusted Net Income for 2025
Mogo Inc. - Common Shares (MOGO)
Company Research
Source: Business Wire
Raises 2024 Adjusted EBITDA1,2 guidance & introduces 2025 Adjusted EBITDA guidance of $10 to $12 millionQuarterly payments volume increased 23% year-over-year to a record $3.0 billionAUM Increased 22% year-over-year to $409 millionAdjusted EBITDA increased sequentially to $2.1 million in Q3 2024Mogo reports in Canadian dollars and in accordance with IFRS VANCOUVER, British Columbia--(BUSINESS WIRE)--Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced its financial and operational results for the third quarter ended September 30, 2024.“We’ve made ‘sustainable profitability’ our strategic priority, and our third quarter results reinforce that our work over the past year has helped the Company get a lot closer to this goal,” said David Feller, Mogo’s Founder and CEO. “At the same time, we continue to make the right investments in our wealth and payments platforms to support future growth in both markets. We have meaning
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News
- Mogo's Digital Payments Subsidiary Carta Worldwide Reports 23% Increase in Quarterly Transaction Volume to Record $3.0 Billion [Yahoo! Finance]Yahoo! Finance
- Mogo’s Digital Payments Subsidiary Carta Worldwide Reports 23% Increase in Quarterly Transaction Volume to Record $3.0 BillionBusiness Wire
- Mogo Inc. (NASDAQ: MOGO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $6.00 price target on the stock.MarketBeat
- Mogo Inc (MOGO) Q3 2024 Earnings Call Highlights: Strong Payments Growth and Raised EBITDA Guidance [Yahoo! Finance]Yahoo! Finance
- Mogo Reports Results for Q3 2024 and Expects Positive Adjusted Net Income for 2025 [Yahoo! Finance]Yahoo! Finance