London-based fintech firm Revolut has posted its financial results for 2023, showing a significant surge in profits and revenue. The company reported a record profit of $545 million and a revenue increase to £1.8 billion, nearly doubling from the previous year. This growth was driven by a substantial rise in interest income, which grew to £500 million from £83 million in 2022. Revolut's CEO expressed confidence in securing a UK bank license, bolstered by the company's strong financial performance. The firm also saw a notable increase in customer balances, reaching $22.7 billion, and added a record 12 million new customers in 2023. Additionally, Revolut's accounts received a clean bill of health from auditor BDO. The company reported a pre-tax profit of £438 million, equating to a 24% profit margin.
Britain's Revolut surges to record profit as it seeks $40 bln valuation https://t.co/AmYYD2FMlI
Revolut posts record profits as softens stance on London listing https://t.co/MPcolR5JGf https://t.co/eCqZDTTSAh
Britain's Revolut surges to record profit as it seeks $40 bln valuation https://t.co/JUReqTdHIV https://t.co/E34zaOSjKR
Strong showing by Revolut. Fintech https://t.co/EIwY2EgfxE
Profits surge at Revolut https://t.co/TNEqzy87kT
Revolut has shared its 2023 earnings and managed to nearly double its revenue in a year, while growing its customer base significantly in multiple countries. https://t.co/PlPvLOpAZK
Valuations may be down, but great companies are only getting stronger. Take Revolut, the UK’s biggest upstart, as an example with its impressive FY 2023 results: - £1.8B in revenue (+95% YoY) - £438M in pre-tax profit (vs. £25M loss in 2022), equating to a 24% profit margin -…
Revolut nearly doubled its revenue and hit record profits last year https://t.co/PlPvLOpAZK
Revolut soars to record profit https://t.co/HaAk0WOKoH
Revolut reports record profits as it hints at plans for IPO https://t.co/0yx2LzJCx9
Revolut's 2023 revenue almost doubled to £1.8B, after interest income grew to £500M from £83M in 2022; auditor BDO gave its accounts a clean bill of health (@aishagani / Bloomberg) https://t.co/seWY3uKNgV 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/3y4IlVYweP
Revolut says its 2023 almost doubled to £1.8B, after interest income grew to £500M from £83M in 2022; auditor BDO gave Revolut's accounts a clean bill of health (@aishagani / Bloomberg) https://t.co/seWY3uKNgV 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/3y4IlVYweP
Fintech company Revolut swings to $553 mln profit https://t.co/HsJQG1nsQw https://t.co/pFuLiHVsgB
Revolut says revenue for 2023 almost doubled, unveiling its latest annual accounts that got a clean bill of health from its auditor https://t.co/gOwhMW3hFE
Revolut just posted 2023 financial results and they are insane 🤯 - $2.2B revenue (+95% YoY) - $428M net profit, up from $7M in 2022. - A record 12M new customers in 2023 - $22.7B in customer balances on the platform (+38% YoY) The crazy part? 70% of new retail customers… https://t.co/lMOz21IoNa
Revolut has swung to an annual profit and nearly doubled its revenue for 2023 as the fintech filed its first timely set of results in years. https://t.co/MnBkmqHiR2
Revolut surges to record profit https://t.co/0t8qeRrl9j
🇬🇧 Interest rates drive Revolut profits to record high https://t.co/90JEN7VAsd
Revolut posts bumper 2023 profit as CEO optimistic on UK bank licence approval, CNBC reports https://t.co/zawzDYqdOq https://t.co/QniefPRvwK
Revolut's 2023 revenue rises to 1.8 bln pounds, CNBC reports https://t.co/IXzOC0mnxS https://t.co/blsEGBrJ79
Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit https://t.co/yC4AUohzgp
⚡️Scoop: London-based fintech firm Revolut is readying its financial results well ahead of its deadline, boosting its bid for a UK bank license https://t.co/cXuL54Gnfl
London-based fintech firm Revolut is readying its financial results well ahead of a statutory deadline in September, boosting its bid for a UK bank license https://t.co/zSE5hPwbxS