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Sep 30, 2022
Moneylion Q3 2022 Earnings Report
Reported record GAAP and adjusted revenue, and made continued progress towards profitability.
Key Takeaways
MoneyLion reported record third quarter 2022 results with a 101% increase in GAAP revenue and a 103% increase in adjusted revenue year-over-year. The company's net loss was $21.0 million, and adjusted EBITDA was ($14.3) million. MoneyLion is actioning approximately $15 million annualized run-rate fixed cost savings in Q4 2022.
GAAP Revenue increased 101% year-over-year.
Adjusted Revenue increased 103% year-over-year.
Net loss was $21.0 million, improved from $23.1 million in Q2.
Total customers grew 101% year-over-year to 5.4 million.
Moneylion
Moneylion
Forward Guidance
MoneyLion expects full-year 2022 Adjusted Revenue of $320-$330 million and Adjusted EBITDA of ($70) - ($65) million.