MoneyHero Group reported a 15% revenue increase and significant growth in its Wealth vertical, alongside a 68% reduction in Adjusted EBITDA loss, suggesting a positive turnaround. However, the company also posted a net loss of US1.6 million in legal fees. Despite revenue growth, gross margins have compressed as the cost of revenue increased faster than revenue. The company's strategic retreat from smaller Southeast Asian markets like the Philippines and Taiwan is also noted, contributing to the complex financial picture.
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Ali NematiWritten by Ali
