Moneylion Q3 2024 Earnings Report
Key Takeaways
MoneyLion reported record revenue of $135 million, a 23% increase year-over-year, and an adjusted EBITDA of $24 million. The company raised its full-year 2024 revenue guidance to $536 million - $541 million and adjusted EBITDA guidance to $88 million - $93 million.
MoneyLion achieved record revenue of $135 million, up 23% year-over-year.
The company reported a net income before income taxes of $0.5 million.
Adjusted EBITDA was $24 million, representing an 18.0% adjusted EBITDA margin.
Full-year 2024 revenue guidance was raised to $536 million - $541 million and adjusted EBITDA guidance to $88 million - $93 million.
Moneylion
Moneylion
Forward Guidance
MoneyLion raised its full-year 2024 guidance, expecting revenue of $536 million to $541 million and Adjusted EBITDA of $88 million to $93 million. For the fourth quarter of 2024, the company expects revenue of $149 million to $154 million and Adjusted EBITDA of $22 million to $27 million.
Positive Outlook
- Full-year 2024 revenue is expected to be between $536 million and $541 million.
- Full-year 2024 Adjusted EBITDA is expected to be between $88 million and $93 million.
- Fourth quarter 2024 revenue is projected to be $149 million to $154 million.
- Fourth quarter 2024 Adjusted EBITDA is expected to be $22 million to $27 million.
- Revenue growth of 34% year-over-year is expected in Q4 2024 at the midpoint.