Operator
Good morning, and welcome to the MoneyGram International Q1 2021 earnings release call. Today s conference is being recorded. [Operator instructions] It is now my pleasure to turn the floor over to your host, Stephen Reiff, head of corporate communications. Please go ahead, sir.
Stephen Reiff
Head of Corporate Communications
Good morning, and happy Friday. Thank you for joining us. On the call with me, you have Alex Holmes, MoneyGram chairman and chief executive officer; and Larry Angelilli, chief financial officer. On the MoneyGram Investor Relations website, you can find our earnings press release and presentation, which is intended to supplement our prepared remarks during today s call and provide the reconciliations between GAAP and non-GAAP financial measures.
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MoneyGram International Reports First Quarter 2021 Results
MoneyGram delivers first quarter revenue of $310.1 million with 7% year-over-year growth on the strength of money transfer revenue growth of 12%
MGO achieves all-time record high for customers, transactions and revenue in the first quarter
Digital transactions continue to accelerate, reaching 32% of money transfer transactions at the end of March
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DALLAS, May 6, 2021 /PRNewswire/ MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its first quarter ended March 31, 2021.
First Quarter 2021 Business Highlights Our customer-centric strategy helped drive a strong start to the year with money transfer revenue growth accelerating to 12% as the digital business continues to overperform reaching 32% of total money transfer transactions at the end of March, said Alex Holmes, MoneyGram Chairman and CEO. The underlying momentum in the busi
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NEW YORK, April 26, 2021 /PRNewswire/ Pomerantz LLP announces that a class action lawsuit has been filed against MoneyGram International, Inc. ( MoneyGram or the Company ) (NASDAQ: MGI) and certain of its officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 21-cv-02161, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired MoneyGram securities between June 17, 2019 and February 22, 2021, inclusive (the Class Period ). Plaintiff seeks to recover compensable damages caused by Defendants violations of the federal securities laws under the Securities Exchange Act of 1934 (the Exchange Act ).
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