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Mogo Reports Results for Q4 & FY 2024

1. Mogo's Q4 2024 wealth revenue growth accelerated by 19%. Total wealth revenue approaches $12 million annually.

Earnings
-10.38%Current Return
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-0.66%S&P 500
$1.067303/20 07:20 AM EDTEvent Start
$0.956503/21 01:56 PM EDTLatest Updated
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FAQ

Why Bullish?

The 19% growth in wealth revenue demonstrates strong operational performance, which can positively influence investor sentiment. Historical examples show that consistent revenue growth typically leads to increased stock valuations.

How important is it?

The reported growth is significant for Mogo's valuation and can impact share price positively. Strong earnings reports often motivate both retail and institutional investment activity.

Why Short Term?

The recent announcement can attract short-term investors, capitalizing on the momentum from Q4 results. Similar past earnings reports have led to quick price reactions.

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VANCOUVER, British Columbia--(BUSINESS WIRE)--Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced its financial and operational results for the fourth quarter and fiscal year ended December 31, 2024. “Our Q4 2024 results represent a pivotal moment for our Wealth business. We saw an acceleration in Wealth revenue growth to 19% in Q4, pushing our Total Wealth revenue to nearly a $12 million annual run rate,” said David Feller, Mogo.

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