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年第三季度业绩会记录摘要：
Financial Performance:
财务表现:
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指导，并首次发布了2025年的EBITDA指导，表明中间值增长69%。
mogo首次期望在2025年报告正调整净利润。
订阅和服务收入同比增长12%，受到支付业务和财富板块增长的推动。
本季度调整后的EBITDA为210万美元，保持12%的利润率，表现稳定盈利能力。
在财富、支付和贷款等所有主要业务板块，以及现金流和盈利指标方面，去年同期实现了增长，并取得了显著改善。
第三季度调整后的经营现金流达到创纪录的480万美元，较去年同期增长85%。
Business Progress:
业务进展：
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已经在技术方面进行了重大投资，特别是在Carta技术平台方面，预计将于2025年第一季度完成，从而提高长期前景。
mogo inc正在积极开发其财富平台，提出了在传统银行主导市场中独特的价值主张。
mogo inc已通过与FinChat.io合作将人工智能整合到其投资应用程序中，利用最新的公司信息和分析，提升应用程序的能力。
Opportunities:
机会：
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业务中的巨大机会，传统上由主要银行主导，通过解决共同基金和自主投资应用程序的效率问题。
新的财富平台设计不仅关注表现，还要赋予投资者正确的知识和智能投资工具，价格设置在每月15美元的颠覆性价格点上。
Risks:
风险：
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将年化利率最高从47%调整为34%，影响mogo inc放贷服务的营业收入。
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：如需更全面的详情，请参阅投资人关系网站。本文仅供投资者参考，不作任何指引或建议。
译文内容由第三方软件翻译。
