FinVolution Group (FINV) Reports Q1 EPS of RMB2.08; offers outlook

FinVolution Group (NYSE: FINV) reported Q1 EPS of RMB2.08. Revenue for the quarter came in at RMB3.17 billion.

OUTLOOK

While the macroeconomic recovery continued to gain traction with pockets of improvement since the beginning of 2024, uncertainties persist in the markets in which we operate. The Company has observed encouraging signs of recovery and will continue to closely monitor macro conditions across our pan-Asian markets and remain prudent in our business operations. The Company reiterates its full year 2024 transaction volume guidance for the China market in the range of RMB195.7 billion to RMB205.0 billion, representing year-over-year growth of approximately 5.0% to 10.0%. At the same time, the Company expects its full year 2024 transaction volume for the international markets to be in the range of RMB9.4 billion to RMB11.0 billion, representing year-over-year growth of approximately 20.0% to 40.0%.

For earnings history and earnings-related data on FinVolution Group (FINV) click here.

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