Currenc Group Inc. Reports Q1 2025 Revenue Drop of 11.5% Amid Decline in Global Airtime Revenue

Reuters

2025/05/21

Currenc Group Inc. Reports Q1 2025 Revenue Drop of 11.5% Amid Decline in Global Airtime Revenue

Currenc Group Inc. announced its financial results for the first quarter ended March 31, 2025. The company reported a Total Processing Value (TPV) through Tranglo of US$1.30 billion, marking a 3.7% decrease year-over-year. The total number of transactions decreased to 2.77 million from 2.94 million for the same period in 2024. This decline in TPV was primarily attributed to reduced business volume from the Hong Kong market. The net income for the first quarter showed a loss of $1,070 million, compared to a loss of $2,632 million in the previous period. EBITDA was reported at $1,233 million, improving from a negative $234 million in the previous period. The company highlighted a $2.2 million share-based incentive linked to the de-SPAC merger and expenses related to new AI initiatives as factors impacting the financials. Currenc Group Inc. emphasized its strengthened bottom line will enable future investment in AI-driven growth while maintaining financial discipline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Currenc Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9455226-en) on May 20, 2025, and is solely responsible for the information contained therein.

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Reports Q1 2025 Revenue Drop of 11.5% Amid Decline in Global Airtime Revenue","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Currenc Group Inc. Reports Q1 2025 Revenue Drop of 11.5% Amid Decline in Global Airtime Revenue\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Currenc Group Inc. announced its financial results for the first quarter ended March 31, 2025. The company reported a Total Processing Value (TPV) through Tranglo of US$1.30 billion, marking a 3.7% decrease year-over-year. The total number of transactions decreased to 2.77 million from 2.94 million for the same period in 2024. This decline in TPV was primarily attributed to reduced business volume from the Hong Kong market. 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Reports Q1 2025 Revenue Drop of 11.5% Amid Decline in Global Airtime Revenue\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-21 04:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Currenc Group Inc. Reports Q1 2025 Revenue Drop of 11.5% Amid Decline in Global Airtime Revenue\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Currenc Group Inc. announced its financial results for the first quarter ended March 31, 2025. The company reported a Total Processing Value (TPV) through Tranglo of US$1.30 billion, marking a 3.7% decrease year-over-year. The total number of transactions decreased to 2.77 million from 2.94 million for the same period in 2024. This decline in TPV was primarily attributed to reduced business volume from the Hong Kong market. The net income for the first quarter showed a loss of $1,070 million, compared to a loss of $2,632 million in the previous period. EBITDA was reported at $1,233 million, improving from a negative $234 million in the previous period. The company highlighted a $2.2 million share-based incentive linked to the de-SPAC merger and expenses related to new AI initiatives as factors impacting the financials. Currenc Group Inc. emphasized its strengthened bottom line will enable future investment in AI-driven growth while maintaining financial discipline.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Currenc Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9455226-en) on May 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDAQ","symbol_name":"納斯達克OMX交易所","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250520:nNDL5QxbZ6:1","article_id":"2537282666","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537282666","pubTimestamp":1747771308,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Currenc Group Inc. announced its financial results for the first quarter ended March 31, 2025. 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This decline in TPV was primarily attributed to reduced business volume from the Hong Kong market. The net income for the first quarter showed a loss of $1,070 million, compared to a loss of $2,632 million in the previous period. EBITDA was reported at $1,233 million, improving from a negative $234 million in the previous period. The company highlighted a $2.2 million share-based incentive linked to the de-SPAC merger and expenses related to new AI initiatives as factors impacting the financials. Currenc Group Inc. emphasized its strengthened bottom line will enable future investment in AI-driven growth while maintaining financial discipline.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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