360 +18.09%: Cracking 1H24 result with CY24 revenue and EBITDA guidance upgraded.
- Revenue of US$163.1 million was in-line with consensus
- Ebitda was around 50% ahead of expectations
- They had 132k net adds in Q2, an all-time record and well above expectations.
- Active users now sit at nearly 70m
They have guided for FY24 revenue in the range of $370-$378 million (prev. $365-$370 million), adjusted EBITDA in the range of $36-$41 million (prev. $30-35 million) and a year-end cash balance of $150-160 million – all in all, a great result.
MM is bullish 360
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