MoneyHero Q1 Revenue Up 15% to $16.5M, Operating Costs Down 13%, EBITDA Loss Cut 68%
MNY•MoneyHero's Q1 revenue rose 15% year-over-year to US$16.5 million, driven by 33% growth in Hong Kong to US$8.5 million and 31% increase in Wealth and Insurance revenue to US$4.7 million. Combined technology, employee and marketing expenses fell 13% to US$8.5 million, narrowing Adjusted EBITDA loss 68% to US$(1.1) million.
1. First Quarter 2026 Results
MoneyHero’s Q1 revenue grew 15% to US$16.5 million from US$14.3 million, driven by higher-margin verticals and core markets, while net loss widened to US$(6.7) million due to a US$1.1 million non-cash warrant adjustment and US$2.4 million in foreign exchange losses.
2. Cost Discipline and Adjusted EBITDA
Combined technology, employee benefits, and marketing expenses declined 13% to US$8.5 million through AI-driven automation and technology stack simplification, narrowing Adjusted EBITDA loss by 68% to US$(1.1) million and boosting approval rates from 36% to 48%.
3. Segment and Geographic Performance
Hong Kong revenue surged 33% to US$8.5 million and Singapore rose 11% to US$5.6 million, while Taiwan and Philippines revenues declined 17% and 12% respectively as the company prioritized margin quality over volume in those markets.
4. Financial Position and 2026 Strategy
The company ended Q1 with US$28.0 million in cash and US$32.8 million in net current assets on a debt-free balance sheet, planning to leverage its AI transformation, expand the Credit Hero Club in Hong Kong, and continue disciplined execution toward sustainable profitability.
