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Investing.com -- Mastercard Inc (NYSE:MA)shares were up roughly 2% at $560 before the opening bell after company reported a better-than-expected quarterly profit, as robust consumer spending helped drive higher transaction volumes.
Mastercard expects adjusted net revenue growth in the low-double-digits for both the first quarter and full-year 2025
The company posted fourth-quarter earnings per share of $3.82, beating analysts' estimates of $3.70. Revenue came in at $7.5 billion, slightly above the consensus estimate of $7.4 billion.
"We delivered strong results this quarter with net revenue growth of 14% year-over-year, or 16% on a currency-neutral basis,” said Mastercard CEO Michael Miebach.
The quarter coincides with holiday season, from Thanksgiving to Christmas, which had retatilers offering discount, spurring more spending and transactions.
“Our diverse capabilities in payments and services and solutions, including the acquisition of Recorded Future this quarter, position us well for long term growth," CEO added.
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