{"id":73610,"date":"2023-10-17T11:21:18","date_gmt":"2023-10-17T15:21:18","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/fingermotion-posts-86-revenue-surge-in-q2-2024-moneysupermarket-com-reports-mixed-q3-2023-results\/"},"modified":"2023-10-17T11:21:21","modified_gmt":"2023-10-17T15:21:21","slug":"fingermotion-posts-86-revenue-surge-in-q2-2024-moneysupermarket-com-reports-mixed-q3-2023-results","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=73610","title":{"rendered":"FingerMotion posts 86% revenue surge in Q2 2024, Moneysupermarket.com reports mixed Q3 2023 results"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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Mobile services and data company FingerMotion Inc. revealed its Q2 2024 financials, showing an impressive 86% revenue increase to $9.28 million. This surge represents a rise of $4.3 million compared to Q2 2023. The revenue growth was driven by various sources including SMS & MMS, telecommunications products and services, and big data sectors. CEO Martin Shen pointed out the company’s robust fiscal resource management as a key factor in their positive earnings trajectory and progress towards profitability.<\/p>\n

Moneysupermarket.com Group PLC has also published its Q3 2023 report, which showed a mixed performance across its sectors. The company reported a 14% overall revenue increase, led by its Insurance and Travel sectors, which grew by 38% and 31%, generating \u00a362.3m and \u00a36.1m respectively. Meanwhile, the Money sector saw a decrease of 10%, earning at \u00a325.2m due to high interest rates affecting borrowing product conversion despite strong banking performance and current account promotions.<\/p>\n

The Home Services sector experienced a slight decrease of 1%, bringing in \u00a310.3m revenue. This was attributed to a slowdown in broadband switching, which was somewhat offset by growth in mobile switching. The Cashback sector also witnessed a downturn with a 3% decrease to \u00a313.9m revenue, due to challenges in retail and telecom sectors. However, inter-vertical eliminations bucked the trend with an increase of 181% to \u00a32.2m.<\/p>\n

Despite these challenges, CEO Peter Duffy expressed confidence about meeting full-year expectations due to the company’s resilient business model and ongoing strategic progress. As part of this strategy, Moneysupermarket.com launched SuperSaveClub, a rewards and loyalty program under the MoneySuperMarket brand, aimed at driving profitable growth by helping customers save more. Market expectations for adjusted EBITDA for 2023 range from \u00a3128.6m to \u00a3132.2m, with an average of \u00a3129.5m.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Mobile services and data company FingerMotion Inc. revealed its Q2 2024 financials, showing an impressive 86% revenue increase to $9.28 million. This surge represents a rise of $4.3 million compared to Q2 2023. The revenue growth was driven by various sources including SMS & MMS, telecommunications products and services, and big data sectors. […]<\/p>\n","protected":false},"author":1,"featured_media":2953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-73610","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nFingerMotion posts 86% revenue surge in Q2 2024, Moneysupermarket.com reports mixed Q3 2023 results | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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