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BUZZ-Mastercard rises after higher Q4 profit

ReutersJan 30, 2025 1:58 PM

** Shares of Mastercard MA.N up 1.4% at $556.50 in premarket trade

** MA reports higher Q4 profit as a resilient economy encouraged consumers to ramp up spending during the holiday season

** MA's gross dollar volume, the value of all transactions processed on the company's platform, rose 12% in Q4

** The company expects 2025 net revenue to increase in the low double-digits percentage range, compared with the average analyst estimate of 12.7% growth - data compiled by LSEG

** Mastercard's net income rose to $3.34 billion, or $3.64 per share, in the three months ended Dec. 31, compared with $2.79 billion, or $2.97 per share, a year earlier

** Shares of MA gained 23.5% in 2024

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