Mogo Inc. (MOGO) Wednesday announced a return to profit, compared to loss for the fourth quarter.
The fourth quarter profit was $8.5 million, compared to loss of $74.9 million in the prior year. The quarterly adjusted net loss was C$2.6 million, narrower than the prior net loss of C$5.38 million last year.
The fourth quarter revenue was C$17.2 million that increased 6 percent sequentially.
Looking ahead, the company expects for 2024 Mogo expects accelerating Subscription & Services revenue growth rate in the mid-teens for the full year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.