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FinTech Giant's Profits Soar on Crypto Trading Surge

FinTech Giant's Profits Soar on Crypto Trading Surge

金融科技巨头的利润因加密交易激增而飙升
PR Newswire ·  05/15 09:33

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NEW YORK, May 15, 2024 /PRNewswire/ -- Robinhood (NASDAQ:HOOD) reported a significant earnings beat for the first quarter, driven by a surge in crypto trading volumes and increased net interest revenue due to rate hikes. The positive momentum in the crypto sector was further bolstered by the US approval of the first spot bitcoin ETFs in January, revitalizing industry sentiment after several high-profile setbacks in recent years. Other FinTech companies making substantial inroads in the crypto and financial services sector include Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), one of Canada's largest FinTech companies with an investment portfolio of substantial crypto-related ventures, Dave Inc (NYSE:DAVE), SoFi Technologies (NASDAQ:SOFI) and Block Inc. (NYSE:SQ).

纽约,2024 年 5 月 15 日 /PRNewswire/-- 罗宾汉 纳斯达克股票代码:HOOD)报告称,受加密交易量激增和加息导致净利息收入增加的推动,第一季度的收益大幅增长。美国在1月份批准了首批现货比特币ETF,进一步推动了加密行业的积极势头,在近年来经历了几次引人注目的挫折之后,重振了行业情绪。其他在加密和金融服务领域取得实质性进展的金融科技公司包括 Mogo Inc. 纳斯达克股票代码:MOGO)(多伦多证券交易所股票代码:MOGO)是加拿大最大的金融科技公司之一,其投资组合包括大量与加密相关的企业, 戴夫公司 (纽约证券交易所代码:DAVE), SoFi 科技 (纳斯达克股票代码:SOFI)和 Block Inc. (纽约证券交易所代码:SQ)。

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) is a digital wealth and payments company headquartered in Vancouver, Canada with over 2 million members, $9.9B in annual payments volume and an investment portfolio with substantial digital currency-related ventures that represent about 35% of the company's current total market cap value. This includes investments into WonderFi (TSX: WNDR), one of Canada's leading digital currency exchanges, American digital currency exchange Gemini Trust, and Canada's first licensed digital asset custodian, Tetra Trust.

Mogo Inc. 纳斯达克股票代码:MOGO)(多伦多证券交易所股票代码:MOGO)是一家数字财富和支付公司,总部位于加拿大温哥华,拥有超过200万名会员,年支付额为99亿美元,投资组合中拥有大量与数字货币相关的企业,约占公司当前总市值的35%。这包括对加拿大领先的数字货币交易所之一WonderFi(多伦多证券交易所股票代码:WNDR)、美国数字货币交易所双子座信托和加拿大第一家持牌数字资产托管人利乐信托的投资。

Mogo's platform is designed to simplify and improve its members' financial journeys by providing straightforward and meaningful financial solutions that promote wealth development and financial independence. MogoTrade provides commission-free stock trading, allowing users to invest wisely based on Warren Buffett's long-term investing strategy, while Moka provides Canadians with a real alternative to mutual funds and wealth managers that overcharge and underperform, offering a fully managed investing solution based on the proven outperformance of an S&P 500 strategy at a fraction of the cost.

Mogo的平台旨在通过提供促进财富发展和财务独立的简单而有意义的财务解决方案来简化和改善其成员的财务旅程。MogoTrade提供免佣金的股票交易,允许用户根据沃伦·巴菲特的长期投资策略进行明智的投资,而Moka则为加拿大人提供了互惠基金和财富管理公司的真正替代方案,这些基金和财富管理公司的收费过高或表现不佳,基于标普500指数策略的表现以低廉的成本提供完全管理的投资解决方案。

On May 9, Mogo Inc. (MOGO.NCM – MOGO.TO) reported its Q1 2024 results, highlighting a period of significant financial and operational gains. The digital wealth and payments company reported a record revenue of $17.9 million, marking a 13% increase from the previous year, propelled by robust growth in its core wealth and payments sectors. Subscription & Services revenue alone rose to $10.7 million, evidencing the company's strengthening market presence.

5月9日 Mogo Inc. (MOGO.NCM — MOGO.TO) 报告了其2024年第一季度的业绩, 突显了一段时期的重大财务和业务收益.这家数字财富和支付公司报告了创纪录的1790万美元收入,比上年增长了13%,这得益于其核心财富和支付领域的强劲增长。仅订阅和服务收入就增至1,070万美元,这证明了该公司的市场占有率不断增强。

During the quarter, Mogo demonstrated financial discipline, with operating expenses slightly down year-over-year and cash flow from operations increasing to $1.8 million, marking a 2,609% increase from Q1 2023. This financial prudence contributed to a net loss improvement to $3.6 million from a previous $6.9 million. The quarter also saw the company actively manage its investment portfolio, ending with $53.4 million in cash, marketable securities, and investments.

在本季度中, Mogo 表现出财务纪律,运营支出同比略有下降,运营现金流增至180万美元,比2023年第一季度增长了2,609%。这种财务审慎态度使净亏损从之前的690万美元增加到360万美元。在本季度,该公司还积极管理其投资组合,最终获得5,340万美元的现金、有价证券和投资。

Operational achievements included significant strides in its digital payments solution, Carta Worldwide, which processed over $2.6 billion in payment volume, an 18% increase year-over-year. Mogo's wealth management division also saw substantial growth, with assets under management climbing 22% to $403 million. The launch of Moka.ai and enhancements to its Mogo app, such as the introduction of 'Buffett Mode', further illustrate Mogo's commitment to evolving its offerings and cementing its position as a leader in digital financial services.

运营成就包括其数字支付解决方案Carta Worldwide取得了长足的进步,该解决方案处理了超过26亿美元的支付量,同比增长了18%。 Mogo的财富管理部门也实现了大幅增长,管理的资产增长了22%,达到4.03亿美元。Moka.ai 的推出及其对其 Mogo 应用程序的增强,例如引入 “巴菲特模式”,进一步表明了 Mogo 致力于发展其产品和巩固其作为数字金融服务领导者的地位。

For more information about Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), please visit this link.

有关以下内容的更多信息 Mogo Inc.(纳斯达克股票代码:MOGO)(多伦多证券交易所股票代码:MOGO),请访问此链接。

Financial Sector Q1 Performance Key Metrics and Outcomes

金融行业第一季度业绩关键指标和成果

On May 8, Robinhood Markets (NASDAQ:HOOD) reported its financial outcomes for the first quarter, reporting significant growth, with net revenues rising 40% year-over-year to $618 million, bolstered by strong performances in transaction-based revenues and net interest incomes. Notably, cryptocurrency revenues saw a 232% increase, contributing significantly to the overall revenue growth. Net income for the quarter stood at $157 million, a stark contrast to the net loss in the previous year, reflecting Robinhood's enhanced profitability and operational efficiency. The company also reported substantial growth in its customer base, with Gold Subscribers increasing by 42% year-over-year to 1.7 million.

5月8日, 罗宾汉市场(纳斯达克股票代码:HOOD) 报道的 其第一季度的财务业绩实现了显著增长,净收入同比增长40%,达到6.18亿美元,这得益于基于交易的收入和净利息收入的强劲表现。值得注意的是,加密货币收入增长了232%,为整体收入增长做出了重大贡献。该季度的净收入为1.57亿美元,与去年的净亏损形成鲜明对比, 罗宾汉提高了盈利能力和运营效率。该公司还报告称,其客户群大幅增长,金牌订阅者同比增长42%,达到170万。

SoFi Technologies, Inc. (NASDAQ:SOFI) reported its first-quarter financial results for 2024, showing an adjusted net revenue of $581 million, up 26% year-over-year. The growth was primarily driven by a 54% increase in revenue from its Financial Services and Tech Platform segments, which now represent 42% of its total adjusted net revenue. Although revenue from the Lending segment remained stable, reflecting a cautious approach in uncertain economic conditions, SoFi achieved an adjusted EBITDA of $144 million. This figure represents a 91% increase from the previous year, with a 25% EBITDA margin. The company also strengthened its balance sheet, increasing its tangible book value to $4.1 billion.

SoFi 科技公司(纳斯达克股票代码:SOFI) 报道的 其2024年第一季度财务业绩显示,调整后的净收入为5.81亿美元,同比增长26%。增长主要是由其金融服务和技术平台板块的收入增长54%推动的,该板块目前占其调整后总净收入的42%。尽管贷款部门的收入保持稳定,这反映了在不确定的经济条件下采取的谨慎态度, SoFi 调整后的息税折旧摊销前利润达到1.44亿美元。该数字比上年增长了91%,息税折旧摊销前利润率为25%。该公司还加强了资产负债表,将其有形账面价值提高到41亿美元。

On May 8, Block, Inc. (NYSE:SQ) announced a significant financing move, pricing $2.0 billion in 6.50% senior notes due 2032, up from an initial $1.5 billion, targeted at qualified institutional buyers and non-U.S. persons. Set to mature on May 15, 2032, these notes allow for early redemption, offering a repurchase option to holders under certain conditions, and permitting Block to redeem them early at a premium. The funds raised are slated for general corporate uses including debt repayment, potential acquisitions, capital expenditures, and bolstering working capital. This strategic financial maneuver underscores Block's continued focus on strengthening its balance sheet and supporting its expansive portfolio of services and platforms in the financial sector.

5月8日, Block, Inc.(纽约证券交易所代码:SQ) 宣布了 这是一项重大的融资举措,定价20亿美元的20亿美元优先票据,2032年到期的6.50%,高于最初的15亿美元,面向合格的机构买家和非美国人士。这些票据定于2032年5月15日到期,允许提前兑换,在某些条件下向持有人提供回购期权,并允许Block提前以溢价兑换。筹集的资金计划用于一般公司用途,包括债务偿还、潜在收购、资本支出和增加营运资金。这种战略财务策略凸显了Block继续专注于加强其资产负债表和支持其在金融领域的广泛服务和平台组合。

Leading neobank Dave Inc. (NASDAQ:DAVE) reported its financial results for the first quarter ending March 31, 2024. The company experienced a 14% increase in its monthly transacting members, reaching 2.2 million. This growth was highlighted by a significant financial gain of $33.4 million due to the extinguishment of a convertible note. During the quarter, Dave also processed over $1.1 billion in ExtraCash advances, a 32% increase from the previous year, with an improvement in credit performance attributed to its CashAI underwriting engine. This performance indicates Dave's ongoing efforts to adapt and grow in the competitive neobank sector.

领先的新银行 戴夫公司(纳斯达克股票代码:DAVE) 报道的 其截至2024年3月31日的第一季度财务业绩。该公司的月交易成员增长了14%,达到220万。可转换票据的注销带来了3340万美元的巨额财务收益,这突显了这一增长。在本季度,戴夫还处理了超过11亿美元的ExtraCash预付款,比上年增长了32%,信贷表现的改善归因于其CasHai承保引擎。这一表现表明,戴夫一直在努力适应竞争激烈的新银行领域并实现增长。

On May 10, Mogo Inc. (MOGO.NCM – MOGO.TO) announced that it has extended the maturity of its $60 million credit facility to January 2, 2026. The credit facility, managed by affiliates of Fortress Investment Group LLC, continues to provide Mogo with the financial flexibility needed for its digital lending product.

5月10日, Mogo Inc. (MOGO.NCM — MOGO.TO) 宣布它有 延长到期日 截至2026年1月2日的6000万美元信贷额度中。该信贷额度由丰泽投资集团有限责任公司的附属公司管理,继续为Mogo提供其数字贷款产品所需的财务灵活性。

For more information about Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), please visit this link.

有关以下内容的更多信息 Mogo Inc.(纳斯达克股票代码:MOGO)(多伦多证券交易所股票代码:MOGO)请访问此链接

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