Welcome to our dedicated page for Marqeta news (Ticker: MQ), a resource for investors and traders seeking the latest updates and insights on Marqeta stock.
Marqeta, Inc. (MQ) is a leading innovator in modern card issuing and payment processing technology. This hub provides investors and industry observers with comprehensive access to official press releases, financial disclosures, and strategic developments from the fintech pioneer.
Track Marqeta's progress through curated updates including quarterly earnings reports, product enhancements to its open API platform, partnership announcements with major payment networks, and regulatory filings. Our repository ensures timely access to primary source materials that impact investment decisions and market analysis.
Key focus areas include Marqeta's advancements in digital payment infrastructure, virtual card solutions, and enterprise-scale transaction processing systems. The platform supports informed analysis of the company's position within evolving sectors like mobile banking, embedded finance, and cross-border payment technologies.
Bookmark this page for streamlined monitoring of Marqeta's operational milestones, leadership updates, and technology patents. Combine our verified news feed with Stock Titan's financial tools for complete market intelligence.
Marqeta (NASDAQ: MQ) has appointed Marcin Glogowski, a PayPal veteran, as SVP, Managing Director Europe and UK CEO. Glogowski will lead the company's growth in the region, which has seen an 86% increase in Total Processing Volume year-over-year. Marqeta's European expansion is driven by rising demand for embedded finance, partnering with firms like Klarna, Uber, and Western Union. The company's global platform facilitates card product launches in over 40 markets, with 70% of its top customers using Marqeta in multiple countries. Glogowski, formerly with PayPal, brings extensive regional expertise to his new role. Recent collaborations include powering Lydia's new digital bank, Sumeria, and offering a commercial debit card with UK digital bank OakNorth.
Marqeta (NASDAQ: MQ), a leading card issuing platform, announced its participation in two upcoming investor conferences. CFO Mike Milotich will join a fireside chat at the Barclays 14th Annual Emerging Payments and FinTech Forum on May 16, 2024, at 9:45 a.m. ET. Additionally, CEO Simon Khalaf will speak at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on May 20, 2024, at 1:10 p.m. ET. Both sessions will be available via live webcast and replay on Marqeta’s investor relations website.
Marqeta, Inc. (NASDAQ: MQ) reported $67 billion in Total Processing Volume with Net Revenue of $118 million in the first quarter of 2024. Despite the 33% increase in TPV, the Net Revenue saw a 46% decrease primarily due to a change in revenue presentation from the new Cash App contract effective since July 2023. The Gross Profit was $84 million, down 6% year-over-year, resulting in a GAAP Net Loss of $36 million. Adjusted EBITDA was positive $9 million with an 8% margin.
Marqeta highlighted recent expansions and partnerships, including a collaboration with Uber Eats, Klarna, and Rain, as well as the authorization of a $200 million share repurchase program. The company showcased growth and operational efficiencies, emphasizing the broad capabilities of the Marqeta platform.
Marqeta (NASDAQ: MQ) announced the global expansion of its partnership with Uber Eats into eight new markets, including Canada, Australia, Mexico, Brazil, Colombia, Peru, Chile, and Costa Rica. This expansion showcases Marqeta's platform's global reach and ongoing partnership with Uber, allowing them to launch card products in over 40 markets through a single integration, reducing time-to-market for subsequent launches. The partnership aims to provide Uber with the latest digital payment tools to enhance their services and support growth in new and existing markets.
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