Hippo expects to turn Ebitda positive by Q4 2024
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Hippo expects to turn Ebitda positive by Q4 2024

hippo logo stock.jpg

Hippo is expecting to achieve Ebitda profitability ($20mn-$30mn) by the last quarter of 2024, according to the firm’s latest presentation to investors.

The Palo Alto, California-based company has been turning around its strategy amid challenging market conditions for InsurTechs.

Last month, the Californian carrier announced plans to cut around 10% of its workforce in a bid to improve efficiency.


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