Loading...
•
Jun 30, 2024
Moneylion Q2 2024 Earnings Report
Reported record revenue and net income, demonstrating growth and profitability.
Key Takeaways
MoneyLion announced strong Q2 2024 results with record revenue of $131 million, a 23% increase year-over-year, and a net income of $3.1 million, a significant improvement from the previous year's net loss of $27.7 million. Adjusted EBITDA reached $18.5 million, representing a 14.2% margin. The company provided positive Q3 and full-year 2024 guidance.
Total revenues increased 23% year-over-year to $130.8 million.
Net income was $3.1 million, a substantial turnaround from a $27.7 million net loss in the same quarter last year.
Adjusted EBITDA was $18.5 million, compared to $9.2 million in the second quarter of 2023.
Total customers grew 73% year-over-year to 17.0 million.
Forward Guidance
MoneyLion anticipates continued growth and profitability, with revenue between $133 million and $138 million and Adjusted EBITDA between $18 million and $21 million for Q3 2024. Full-year 2024 revenue is expected to be between $525 million and $535 million, with Adjusted EBITDA between $80 million and $87 million.
Positive Outlook
- Revenue of $133 to $138 million expected for Q3 2024.
- Adjusted EBITDA of $18 to $21 million expected for Q3 2024.
- Full-year 2024 revenue projected between $525 million and $535 million.
- Full-year 2024 Adjusted EBITDA anticipated between $80 million and $87 million.
- Company expects to finish strong in the next two quarters and create significant momentum going into 2025.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...