MoneyHero Limited (MNY) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.778 into higher margin verticals like wealth and insurance. 00:00:04.778 -- 00:00:09.945 As a result, our unit economics are significantly stronger today than a year 00:00:09.945 -- 00:00:11.945 ago. 00:00:12.148 -- 00:00:17.436 While top line revenue in Q1 fell year on year due to a strategic 00:00:17.436 -- 00:00:22.984 pullback in aggressive marketing spend, this was an intentional trade-off 00:00:22.984 -- 00:00:28.031 to prioritize revenue quality over volume. 00:00:28.031 -- 00:00:33.067 We are encouraged to see this strategic pivot already yielding 00:00:33.067 -- 00:00:36.368 results with improving profitability. 00:00:36.670 -- 00:00:41.994 Our net loss has narrowed considerably in Q1 as adjusted 00:00:41.994 -- 00:00:45.917 EBITDA continues to improve quarter after quarter. 00:00:45.917 -- 00:00:51.022 We are building a leaner, more profitable business with the goal of hitting 00:00:51.022 -- 00:00:56.607 100 million revenue for full year 2025 and delivering positive 00:00:56.607 -- 00:01:00.545 adjusted EBITDA during the latter part of the year. 00:01:00.545 -- 00:01:06.372 In short, our path to profitability has never been clearer 00:01:06.372 -- 00:01:11.836 and we're executing with discipline to accelerate it. 00:01:12.199 -- 00:01:17.386 Now let me turn to our Q1 operational performance and the progress 00:01:17.386 -- 00:01:20.610 we've made across our business lines. 00:01:20.610 -- 00:01:25.996 A core part of our strategy is diversifying our revenue mix towards 00:01:25.996 -- 00:01:31.261 higher margin verticals and we're already seeing tangible results with wealth 00:01:31.261 -- 00:01:36.628 and insurance verticals contributing approximately 25% 00:01:36.628 -- 00:01:39.852 of our total revenue in Q1. 00:01:39.852 ...