MoneyHero Limited (NASDAQ: MNYWW) reported Q3 2025 revenue of $21.1 million, a 1 % increase from the same quarter last year and a 17 % sequential rise from Q2 2025. The company posted a non‑GAAP EPS loss of $0.10, wider than the consensus estimate of a $0.02 loss, while its adjusted EBITDA loss narrowed to $1.78 million, improving the margin from –26.5 % to –8.4 %. Management guided that Q4 2025 will be the first quarter of positive adjusted EBITDA since the company went public.
The modest revenue growth masks a significant shift in the company’s mix. Revenue from higher‑margin insurance and wealth segments grew 12 % YoY, offsetting a 4 % decline in the lower‑margin credit‑card business. The 17 % sequential jump is largely driven by the insurance segment, which added $1.2 million in new policies, and by a 9 % increase in wealth‑management fees. This mix shift explains why revenue growth appears flat while the company is moving toward a more profitable model.
Margin expansion is largely attributable to the mix shift and to operational efficiencies from the company’s AI‑driven “Project Odyssey” platform. The platform has reduced cost of revenue by 3 % YoY and increased pricing power in the insurance segment, allowing the company to lift its adjusted EBITDA margin from –26.5 % to –8.4 %. The company also disciplined its operating expenses, cutting discretionary spend by 5 % and eliminating a one‑time restructuring charge that had weighed on the prior quarter’s results.
CEO Rohith Murthy emphasized disciplined execution and a focus on higher‑margin products. “For the third quarter, we reported US$21.1 million in revenue, representing a 17 % sequential increase from Q2 and 1 % year‑over‑year growth,” he said. “The third quarter was another quarter of disciplined execution as we continue to reshape MoneyHero into a higher‑margin, cash‑generative business.” He added that the company expects Q4 to be its first quarter of positive adjusted EBITDA since listing, underscoring confidence in the turnaround strategy.
Investors reacted with mixed sentiment, weighing the revenue beat against the wider‑than‑expected EPS loss. The company’s forward guidance—projecting positive adjusted EBITDA in Q4—provided a strong positive outlook, while the larger loss tempered immediate enthusiasm. Analysts noted that the company’s strategic shift toward higher‑margin products and AI efficiencies is a key driver of the improved financial profile.
The earnings release signals a pivotal moment in MoneyHero’s transformation. By moving away from low‑margin credit‑card volumes and investing heavily in AI‑native platforms, the company is positioning itself for sustainable profitability. The improved margin trajectory and first‑quarter positive EBITDA outlook suggest that the company’s long‑term prospects are strengthening, even as it continues to navigate the transition from a volume‑driven model to a quality‑focused one.
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