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Dec 31, 2023
Moneylion Q4 2023 Earnings Report
Reported record revenue and adjusted EBITDA, with a focus on achieving GAAP profitability in 2024.
Key Takeaways
MoneyLion reported a net loss of $4.2 million for Q4 2023, but achieved record adjusted EBITDA of $16.5 million and revenue increased by 19% to $113.0 million compared to Q4 2022. The company is focused on accelerating growth and achieving its first positive GAAP EPS quarter in 2024.
Total revenues increased 19% to $113.0 million compared to Q4 2022.
Gross profit increased 24% to $71.4 million compared to Q4 2022.
Net loss was $4.2 million compared to a net loss of $135.0 million in Q4 2022.
Adjusted EBITDA was $16.5 million compared to ($5.6) million in Q4 2022.
Moneylion
Moneylion
Forward Guidance
For the first quarter of 2024, MoneyLion expects revenue of $115 to $118 million and Adjusted EBITDA of $15 to $18 million.