NASDAQ$CURR
Currenc Group Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
CURRENC Group Inc. reported strong Q3 2024 results, driven by Tranglo's performance and strategic divestitures.
CURRENC Group Inc. announced its Q3 2024 financial results, highlighting the company's strategic achievements and operational excellence. The company divested TNG Asia and GEA, focusing on Tranglo as the primary growth driver. Tranglo's TPV increased, reflecting client trust and confidence. While transaction fees decreased, improvements in forex and payout agency rates offset this. Non-recurring expenses related to the merger with INFINT SPAC impacted general and administrative expenses.
- CURRENC divested TNG Asia and GEA to focus on Tranglo.
- Tranglo's TPV increased by 6.1% year-over-year.
- Headquarters expenses related to the merger with INFINT SPAC increased general and administrative expenses.
- The company is focused on optimizing cost structures and enhancing profitability.
Headline financials
Revenue & EPS history
InFinT · Revenue · Quarterly
$11.3M
Revenue by segment
InFinT · $37.8M total across 3 segments · Q4 2026
- Remittance (Tranglo)$22.2M—58.7%
- Global Airtime$7.94M—21.0%
- Local Airtime$7.68M—20.3%
Forward guidance
CURRENC remains dedicated to optimizing its cost structures and leveraging the strengths of its core remittance business to enhance profitability and shareholder value.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports · overlaid with Q3 2024
-1.2%
Avg return
Earnings day
+5.6%
Avg return
5 days after
-9.4%
Avg return
30 days after
18%
2 / 11 earnings
Positive
+2.5%
Q1 2027
Best reaction
-9.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +2.5% | -0.3% | — | |
| Q4 2026 | -2.5% | +31.1% | -8.8% | |
| Q1 2025 | -2.5% | +14.5% | +19.7% | |
| Q4 2024 | -0.6% | -3.1% | -37.1% | |
| Q3 2024 | -9.1% | -14.2% | -11.4% | |
| Q2 2024 | +0.0% | — | — | |
| Q1 2024 | -0.3% | — | — | |
| Q4 2023 | -0.3% | — | — | |
| Q3 2023 | +0.1% | — | — | |
| Q3 2021 | +0.0% | — | — | |
| Q3 2022 | +0.0% | — | — |
Discussion
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