Marqeta's Q3 2024 results showed strong growth with a 30% increase in Total Processing Volume (TPV) reaching $74 billion, and an 18% increase in Net Revenue to $128 million. Gross Profit also increased by 24% to $90 million. The company reported a GAAP Net Loss of $29 million, while Adjusted EBITDA stood at $9 million.
Total Processing Volume (TPV) increased by 30% year-over-year, reaching $74 billion.
Net Revenue increased by 18% year-over-year to $128 million.
Gross Profit increased by 24% year-over-year to $90 million.
GAAP Net Loss improved by $26 million year-over-year to $29 million.
Marqeta provided guidance for the fourth quarter of 2024, anticipating Net Revenue Growth of 10-12%, Gross Profit Growth of 13-15%, and an Adjusted EBITDA Margin of 5-7%.
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