Moneylion Q3 2023 Earnings Report
Key Takeaways
MoneyLion announced record revenue of $110 million, up 24% year-over-year. The company reported a net loss of $4 million but achieved a record Adjusted EBITDA of $13 million. They are driving forward, optimizing technology and building on the momentum of mutually reinforcing businesses.
Record revenue of $110 million, up 24% year-over-year.
Net income before other expense and income taxes of $1.1 million, compared to a loss of $24.2 million in Q3 2022.
Net loss of $4.1 million, compared to a net loss of $21.0 million in Q3 2022.
Record Adjusted EBITDA of $13.4 million, compared to ($14.3) million in Q3 2022.
Moneylion
Moneylion
Forward Guidance
For the full year 2023, MoneyLion expects revenue of $420 to $425 million, gross profit margin of 58% to 59%, and Adjusted EBITDA of $39 to $45 million.