Revolut’s revenues surge to over £3bn on subscription and crypto bounce
Revolut saw its revenue jump 72 per cent to £3.1bn in 2024, fuelled by a bounce in its subscription and crypto offerings. Europe’s most valuable private tech company reported pre-tax profits of £1.1bn in 2024, more than double the previous year, and added 15 million new users. Revolut now has 52.5 million retail customers across the world.
Nik Storonsky, Revolut CEO and co-founder, heralded 2024 as a “landmark” year for the UK-headquartered challenger bank. Customer balances, a key metric for Revolut as it looks to get more users to use Revolut as their primary account, were up 66 per cent to £30bn. This was driven by strong growth in customer deposits and increased balances.
Revolut bills itself as an…
