Netfonds AG Reports Record Revenue and Earnings in Q3 2024

Netfonds AG announced a robust performance in the third quarter of 2024, showcasing dynamic growth across all divisions. Gross revenue reached EUR 56.2 million, a 16.1% rise from Q3 2023. The company achieved a net revenue of EUR 10.3 million, up 21.1% from the same period last year. EBITDA saw a notable increase of 46.6% to EUR 1.9 million, despite a reorganization charge.

The first nine months of 2024 reflected similar strong results, with gross revenue totaling EUR 168.6 million, marking a 19.0% increase from 2023. Net revenue was EUR 31.1 million, and EBITDA reached EUR 4.8 million, driven by growth in asset management and the finfire platform. This growth highlights Netfonds' strategic focus on efficiency and cost optimization.

The company maintains a positive outlook for the remainder of 2024, supported by the expansion and functionality of the finfire platform.