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Mogo Announces First Quarter 2019 Financial Results
Mogo Announces First Quarter 2019 Financial Results Canada NewsWire VANCOUVER, M...
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[{"type":"text","content":"\n\n\n\nMogo Announces First Quarter 2019 Financial Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 14, 2019\n\n\n\nCore Revenue up 57% year over year to $16.4 Million Subscription & Services Revenue Grows 68% year over year to $8.3 MillionAdjusted EBITDA Increases 639% year over year to a quarterly record $2.2 Million\nMogo reports in Canadian dollars and in accordance with IFRS\n VANCOUVER, May 14, 2019 /CNW/ - Mogo Finance Technology Inc. (TSX:MOGO) (NASDAQ:MOGO) (\"Mogo\" or the \"Company\"), a digital challenger to Canada's banks, today announced its financial and operational results for the first quarter ended March 31, 2019. \n\"Fast-growing fintechs are challenging legacy banks globally, using technology to transform the user experience and introduce better products – with dramatically lower fees – that help consumers improve their financial health,\" said David Feller, Mogo's Founder and CEO. \"That's our driving mission at Mogo, and we're off to an excellent start in 2019 as we continue to enhance Canada's leading mobile-first digital platform. This year, we continue to focus on improvements to the platform and product experience that make it easier for consumers to improve their financial health. This includes new features like Cashback on our MogoCard, as well as integrating new third-party solutions like Plaid that help reduce the friction of onboarding while also enabling us to gather more data and insights to better serve our members. Our strategic priorities for 2019 also include the continued expansion of our product offering and partner ecosystem, as we identify best-in-class products to bring...