MoneyLion reported a strong first quarter in 2022, with a 105% increase in adjusted revenue year-over-year and a net income of $0.1 million. The company also saw substantial growth in total customers, reaching 3.9 million, and reiterated its full-year guidance and path to profitability.
Adjusted Revenue increased 105% year-over-year.
Total Customers grew 117% year-over-year to 3.9 million.
The company maintained best-in-class unit economics with a $16 CAC, a payback period of fewer than 6 months, and an ARPU of over $70.
MoneyLion reaffirmed its 2022 guidance and breakeven Adjusted EBITDA target exiting 2022.
MoneyLion is re-affirming previously provided guidance for the full year 2022 and expects accelerating Adjusted Revenue growth and margin improvement in the second quarter of 2022.
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