trending Market Intelligence /marketintelligence/en/news-insights/trending/HBOgcx5K75GXqEyx7C5N6g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

MoneyGram International revises outlook for FY'19 revenue, EBITDA

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Fed Officials Signal Optimism In US Economy Reiterate Rates Likely On Hold

MoneyGram International revises outlook for FY'19 revenue, EBITDA

MoneyGram International Inc. continues to anticipate a return to growth later this year but revised its constant currency revenue outlook for full year 2019.

The company now projects a decline of approximately 8% for the year, given the revenue trends for the first half of 2019 and the slower-than-anticipated recovery of the U.S. market, according to its second-quarter earnings release.

Additionally, MoneyGram International narrowed its original range for adjusted EBITDA and now expects a reduction of approximately 12% for the full year on a constant currency basis.

In its first-quarter earnings release, the company projected that on a constant currency basis, full-year revenue would decline approximately 2% to 4% and adjusted EBITDA would decline about 8% to 12%.

MoneyGram International reported net loss of $27.2 million, or 41 cents per common share, for the second quarter, compared to net income of $2.3 million, or 3 cents per common share, for the same period in 2018. Its second-quarter adjusted net income was $7.7 million, or 12 cents per common share, compared to $14.2 million, or 21 cents per common share, for the prior-year period.

MoneyGram International's total revenue for the second quarter was $323.8 million, while adjusted EBITDA was $54.3 million.