Moatable (MTBLY) Q4 2024 earnings summary

Executive summary

• Revenue grew 27% year-over-year to $17.5M in Q4 2024 and 22% to $63.5M for the full year.

• Gross profit increased 23% in Q4 2024 to $13.2M and 18% for the year to $48.3M.

• Loss from operations narrowed significantly, improving 95% in Q4 and 75% for the year.

• Adjusted EBITDA turned positive, reaching $1.7M for 2024 versus a $4.8M loss in 2023.

• Operating cash flows were positive for the last three quarters of 2024.

Financial highlights

• Q4 2024 revenue: $17.5M (up 27% YoY); FY 2024 revenue: $63.5M (up 22% YoY).

• Q4 2024 gross profit: $13.2M (up 23% YoY); FY 2024 gross profit: $48.3M (up 18% YoY).

• Q4 2024 loss from operations: $0.2M (improved from $4.0M loss YoY); FY 2024 loss from operations: $3.0M (improved from $11.8M loss YoY).

• Adjusted EBITDA: $339K in Q4 2024 (up 47% YoY); $1.7M for FY 2024 (up 135% YoY).

• Cash & equivalents at year-end: $31.9M, down from $39.0M a year earlier.

Outlook and guidance

• Management expects continued revenue growth and innovation, focusing on long-term returns and enhanced user experience.