Mogo Inc (MOGO) Q3 2024 Earnings Call Transcript Summary
Mogo Inc (MOGO) Q3 2024 Earnings Call Transcript Summary
Subscription and services revenue increased by 12% year-over-year, driven by growth in the payments business and the wealth segment.The following is a summary of the Mogo Inc (MOGO) Q3 2024 Earnings Call Transcript:
以下是mogo inc（MOGO）2024年第三季度業績會記錄摘要：
Financial Performance:
財務表現:
Mogo raised its 2024 EBITDA guidance and introduced EBITDA guidance for 2025, indicating a 69% growth at the midpoint.
For the first time, Mogo expects to report positive adjusted net income in 2025.
Subscription and services revenue increased by 12% year-over-year, driven by growth in the payments business and the wealth segment.
Adjusted EBITDA for the quarter was $2.1 million, maintaining a 12% margin, showing stable profitability.
Year-over-year growth was observed across all primary business lines, including wealth, payments, and lending, alongside significant improvements in cash flow and profitability metrics.
Adjusted cash flow from operations reached a record $4.8 million in Q3, up 85% from the previous year.
Mogo提高了2024年EBITDA指導，並首次發佈了2025年的EBITDA指導，表明中間值增長69%。
mogo首次期望在2025年報告正調整淨利潤。
訂閱和服務收入同比增長12%，受到支付業務和財富板塊增長的推動。
本季度調整後的EBITDA爲210萬美元，保持12%的利潤率，表現穩定盈利能力。
在財富、支付和貸款等所有主要業務板塊，以及現金流和盈利指標方面，去年同期實現了增長，並取得了顯著改善。
第三季度調整後的經營現金流達到創紀錄的480萬美元，較去年同期增長85%。
Business Progress:
業務進展：
Mogo has made significant technology investments, particularly in the Carta tech platform, expected to complete by Q1 of 2025, enhancing long-term prospects.
The ongoing development of Mogo's wealth platform was highlighted, presenting a unique value proposition in a market dominated by traditional banks.
Mogo has integrated AI into its investing app through a partnership with FinChat.io, enhancing the app's capabilities with up-to-date company information and analytics.
mogo inc已經在技術方面進行了重大投資，特別是在Carta技術平台方面，預計將於2025年第一季度完成，從而提高長期前景。
mogo inc正在積極開發其財富平台，提出了在傳統銀行主導市場中獨特的價值主張。
mogo inc已通過與FinChat.io合作將人工智能整合到其投資應用程序中，利用最新的公司信息和分析，提升應用程序的能力。
Opportunities:
機會：
Mogo sees a huge opportunity in disrupting the Canadian wealth management industry, traditionally dominated by major banks, by addressing the inefficiencies in mutual funds and self-directed investing apps.
The new wealth platform is designed not only for performance but also to empower investors with the right knowledge and tools for intelligent investing, at a disruptive price point of $15 per month.
mogo inc看到了在打破加拿大财富管理業務中的巨大機會，傳統上由主要銀行主導，通過解決共同基金和自主投資應用程序的效率問題。
新的財富平台設計不僅關注表現，還要賦予投資者正確的知識和智能投資工具，價格設置在每月15美元的顛覆性價格點上。
Risks:
風險：
The new rate cap effective January lowers the maximum APR from 47% to 34%, impacting the revenue from Mogo's lending services.
1月生效的新利率上限將年化利率最高從47%調整爲34%，影響mogo inc放貸服務的營業收入。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
