The Block: Payward's Q3 Adjusted EBITDA Falls to $60M, Funded Accounts Up 37%
According to The Block, Kraken's parent company Payward reported that its Q3 adjusted EBITDA dropped by about two-thirds year-over-year to $60 million, while funded accounts grew by 37%. The report's headline also noted that the company plans to develop a US prediction market and personal finance AI agents. Adjusted EBITDA is not the same metric as net profit or revenue, and cannot be directly equated to the previously reported general decline in profitability; the existing headline and summary do not provide specific launch timelines for the new businesses.
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