Revolut Group Holdings Ltd CEO Nikolay Storonsky (pictured) said Thursday the company is making "strong progress" toward reaching 100 million daily active users across 100 countries. The remark came as Revolut released its annual report for the year 2024.
The digital bank reported a 38% increase in its global customer base, reaching 52.5 million, while total customer balances rose 66% to $38 billion (£30 billion). Group revenues surged 72% to $4.0 billion (£3.1 billion), up from $2.2 billion (£1.8 billion) in 2023, marking strong momentum across all revenue streams.
Revolut also celebrated its fourth consecutive year of profitability, with profit before tax climbing 149% to $1.4 billion (£1.1 billion) and net profit more than doubling to $1.0 billion (£790 million), up from $428 million (£344 million) the year prior. "This performance earned us the status of Europe's most valuable private technology company, reflecting the confidence of existing and new investors in our trajectory," Storonsky said.
