MARA Announces Third Quarter 2024 Results

Revenue Increases by 25%, Net Income Grows by 30%

Company Continues to Execute on Growth Strategy

MARA Corporation (NASDAQ: MARA) today announced its financial results for the third quarter ended September 30, 2024.

Revenue for the quarter was $1.2 billion, an increase of 25% year-over-year. Net income was $200 million, an increase of 30% year-over-year. Diluted earnings per share were $1.00, an increase of 32% year-over-year.

The company's growth was driven by strong demand for its products and services, as well as its continued expansion into new markets. MARA is a leading provider of cloud computing, data center, and managed services. The company's customers include a wide range of businesses and organizations, from small businesses to Fortune 500 companies.

In the third quarter, MARA continued to execute on its growth strategy. The company expanded its cloud computing capacity by adding new data centers in the United States and Europe. The company also launched a new managed services offering that provides customers with a comprehensive suite of services to manage their IT infrastructure.

"We are very pleased with our third quarter results," said CEO Bob Davis. "Our revenue and net income growth continue to outpace the market, and we are expanding our market share in both our cloud computing and managed services businesses. We are confident that we are well-positioned to continue to grow our business in the years to come."

MARA's financial results for the third quarter of 2024 are as follows:

• Revenue: $1.2 billion, an increase of 25% year-over-year
• Net income: $200 million, an increase of 30% year-over-year
• Diluted earnings per share: $1.00, an increase of 32% year-over-year