Abacus Global Management Q4 Revenue Soars 40%; Strong Outlook for 2025

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Abacus Global Management Q4 Revenue Soars 40%; Strong Outlook for 2025

Exec Edge03-27

By Karen Roman

Abacus Global Management, Inc. (Nasdaq: ABL), a company focused on alternative asset management space, said fourth quarter revenue increased 40% to $33.2 million compared to $23.6 million the year prior.

Adjusted net income was $13.4 million compared to $5.9 million, while adjusted EBITDA rose 51% to $16.6 million compared to $11.1 million, it stated.

The company’s fiscal outlook for 2025 is an adjusted net income between $70 million and $78 million, 51% to 68% higher than FY2024 adjusted net income of $46.5 million, Abacus said.

“We remain very excited about our vast market opportunity and are well positioned to capitalize on our momentum to drive long-term growth and create shareholder value,” said Jay Jackson, Abacus CEO.

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Exec Edge

Editor@executives-edge.com

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(Nasdaq: ABL), a company focused on alternative asset management space, said fourth quarter revenue increased 40% to $33.2 million compared to $23.6 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/abacus-global-management-q4-revenue-214228164.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ABL","symbol_name":"Abacus Global Management","start_time":0,"source_url":"https://finance.yahoo.com/news/abacus-global-management-q4-revenue-214228164.html","article_id":"2522558296","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522558296","pubTimestamp":1743111748,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Abacus Global Management, Inc. , a company focused on alternative asset management space, said fourth quarter revenue increased 40% to $33.2 million compared to $23.6 million the year prior.Adjusted net income was $13.4 million compared to $5.9 million, while adjusted EBITDA rose 51% to $16.6 million compared to $11.1 million, it stated.The company’s fiscal outlook for 2025 is an adjusted net income between $70 million and $78 million, 51% to 68% higher than FY2024 adjusted net income of $46.5 million, Abacus said.“We remain very excited about our vast market opportunity and are well positioned to capitalize on our momentum to drive long-term growth and create shareholder value,” said Jay Jackson, Abacus CEO.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ABL":"Abacus Global Management","ABLLW":"Abacus Global Management","ABLLL":"ABACUS LIFE INC 9.875% SENIOR NOTES 15/11/2028 USD25"},"translate_title":"Abacus Global Management第四季度收入飙升40%；2025年前景强劲","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABL":1,"ABLLL":0.9,"ABLLW":0.9},"content_text":"By Karen Roman\nAbacus Global Management, Inc. (Nasdaq: ABL), a company focused on alternative asset management space, said fourth quarter revenue increased 40% to $33.2 million compared to $23.6 million the year prior.\nAdjusted net income was $13.4 million compared to $5.9 million, while adjusted EBITDA rose 51% to $16.6 million compared to $11.1 million, it stated.\nThe company’s fiscal outlook for 2025 is an adjusted net income between $70 million and $78 million, 51% to 68% higher than FY2024 adjusted net income of $46.5 million, Abacus said.\n“We remain very excited about our vast market opportunity and are well positioned to capitalize on our momentum to drive long-term growth and create shareholder value,” said Jay Jackson, Abacus CEO.\nContact:\n\nExec Edge\n\n\nEditor@executives-edge.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}