Credit card company Mastercard Incorporated (NYSE: MA) reported higher revenues and adjusted earnings for the fourth quarter of 2024. The results also beat Wall Street’s estimates.
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Net revenue increased 14% year-over-year to $7.5 billion in the December quarter and exceeded estimates. Currency-neutral revenue growth was 16% during the three months.
The top-line growth translated into an increase in adjusted earnings to $3.82 per share in Q4 from $3.18 per share in the prior year period. Earnings topped expectations. Unadjusted profit was $3.3 billion or $3.64 per share, compared to $2.8 billion or $2.97 per share in the fourth quarter of 2023.
