Kraken parent company Payward’s adjusted EBITDA fell about 66% year over year in the third quarter, to just $60 million.
Funded accounts rose 37% over the same period. The company also plans to enter prediction markets in the U.S. and launch a personal finance AI agent.
· Revenue figures weren’t provided. The $60 million is adjusted EBITDA, so it shouldn’t be treated directly as revenue or profit.
· User accounts are growing while adjusted EBITDA is falling; both trends are happening at the same time, but the specific drivers haven’t been broken down.
With account growth and declining profits happening at the same time, would you wait for revenue figures first or watch how quickly the prediction market plans take shape?
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Funded accounts rose 37% over the same period. The company also plans to enter prediction markets in the U.S. and launch a personal finance AI agent.
· Revenue figures weren’t provided. The $60 million is adjusted EBITDA, so it shouldn’t be treated directly as revenue or profit.
· User accounts are growing while adjusted EBITDA is falling; both trends are happening at the same time, but the specific drivers haven’t been broken down.
With account growth and declining profits happening at the same time, would you wait for revenue figures first or watch how quickly the prediction market plans take shape?
$BTC $ETH
