MoneyGram International reports revenue of USD 338.6 million for third quarter

Trading update

For the third quarter of 2012, ending September 30th, global payment services company MoneyGram International reported a total revenue of $338.6 million, an increase of 5 % compared to USD 321.9 million in the third quarter of 2011.

According to Pamela H. Patsley, chairman and CEO, “Consumers continue to recognize MoneyGram’s compelling products and valuable services as evidenced by our third-quarter results, which included our sixth consecutive quarter of double-digit constant currency money transfer growth. We are focused on delivering strong operating results and building on the positive momentum in our core money transfer and bill payment businesses.”

The company also reported net loss of USD 54.8 million and negative EBITDA of USD 8.2 million. 

Money transfer fee and other revenue increased 8 % over the prior year, while money transfer transaction volume increased 13 % over the prior year.

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