Decent set of results from Wise.
Total income was broadly in line with the consensus and beat our conservative estimates thanks, however, to interest income.
Our thesis remains intact in that interest income hedged the momentaneous drop in volume per customer (VPC) while the decreasing take rate, although still high, implies a lower customer price charged sequentially. Good news although we would have preferred to see a slightly more robust VPC.
The strong customer growth partly offset the ....

18 Apr 2023
Wise Q4 23 Trading update: mixed but robust results

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Wise Q4 23 Trading update: mixed but robust results
Wise PLC Class A (WISE:LON) | 1,041 -458 (-4.1%) | Mkt Cap: 13,206m
- Published:
18 Apr 2023 -
Author:
Grégoire Hermann -
Pages:
2 -
Decent set of results from Wise.
Total income was broadly in line with the consensus and beat our conservative estimates thanks, however, to interest income.
Our thesis remains intact in that interest income hedged the momentaneous drop in volume per customer (VPC) while the decreasing take rate, although still high, implies a lower customer price charged sequentially. Good news although we would have preferred to see a slightly more robust VPC.
The strong customer growth partly offset the ....