"We fundamentally believe that the market leader over time will be the provider of the cheapest, fastest, and most convenient service." - Wise CFO $WISE is down 16% this week https://t.co/Vhc0BfFnrh
Wise shares dip on forecast for slower income growth https://t.co/4x5ITbM1Bq
Wise posts $1.3b revenue, over 200% growth in profits for FY 2024 https://t.co/ighsRnDoCf
Wise shares have experienced a significant decline, dropping 10% following the fintech firm's projection of slower growth for the upcoming fiscal year. The company's shares have slumped further, down 16% this week, amid a weak outlook for the 2025 fiscal year. Despite this, Wise reported a substantial $1.3 billion in revenue and over 200% growth in profits for the fiscal year 2024. Wise's CFO emphasized the company's belief in becoming the market leader by providing the cheapest, fastest, and most convenient service. The forecast for slower income growth contributed to the decline in shares.
