Summary by Moomoo AI
Bakkt Holdings, a technology platform that connects the digital economy by offering an ecosystem for crypto and loyalty points, has reported its financial results for the quarter ended September 30, 2024. The company saw a significant increase in crypto services revenue, which rose by 65.0% to $316.3 million compared to the same period in the previous year. However, loyalty services revenue experienced a slight decrease of 7.2%. Overall, total revenues increased to $328.4 million, up from $204.8 million in the prior year's quarter. Despite the revenue growth, the company faced an operating loss of $27.4 million, which was an improvement from the $52.9 million loss in the previous year. The net loss attributable to Bakkt Holdings, Inc. was $2.9 million, a reduction from the $17.3 million loss reported in the...Show More
