Mogo Inc. announced its financial and operational results for the third quarter ended September 30, 2024. The company stated that its strategic priority is 'sustainable profitability' and that its Q3 results indicate progress towards this goal.
David Feller, Mogo's Founder and CEO, confirmed the company's expectation to achieve positive adjusted net income for the full year 2025. This outlook provides a clear financial target for the upcoming year.
The company's digital payments subsidiary, Carta Worldwide, processed just under $3.0 billion of payment volume in Q3 2024. This represents a 23% increase compared to Q3 2023, highlighting strong growth in the payments segment.
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