Wise Stock Rises After Raising Full-Year Revenue Outlook on 23% Sales Growth

TLDR Wise stock rose as much as 9.6% on Friday before easing to about 6%, trading near 882.60 GBP. First-half net revenue climbed 23% to $1.45 billion. Pre-tax profit rose only 9% to $334.9 million as costs jumped 28%. Full-year revenue growth is now seen in the upper half of its range, with margin near the top end. Active customers rose 21% to 16.2 million, and the buyback is almost half done. Wise stock climbed as much as 9.6% on Friday after the company lifted its full-year revenue outlook. The rally cooled during the session, and the stock was up about 6% at 882.60 GBP in London. Wise plc, WSE The jump followed first-half results for the six months ended Sept. 30.

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