Marqeta reported a 31% increase in net revenue to $204 million and a 41% increase in TPV to $47 billion in Q4 2022. The company's gross profit increased by 15% year-over-year to $87 million, while GAAP net loss decreased by 28% to $26 million.
TPV increased by 41% year-over-year to $47 billion.
Net revenue increased by 31% year-over-year to $204 million.
Gross profit increased by 15% year-over-year to $87 million.
Net loss decreased by 28% year-over-year to $26 million.
Marqeta provided guidance for the first quarter of 2023, projecting net revenue growth of 26-28%, gross profit growth of 14-16%, and an adjusted EBITDA margin of negative 5-6%.
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