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Dec 31, 2024
Moneylion Q4 2024 Earnings Report
Announced fourth quarter and full year 2024 results.
Key Takeaways
MoneyLion reported a strong fourth quarter and full year 2024, highlighted by a 40% increase in total revenue to $158.6 million for the quarter and a net income of $1.7 million, compared to a net loss in the same quarter of the previous year. The company's FY2024 revenue grew by 29% year-over-year to $546 million, with a net income of $9.1 million.
Total revenue increased 40% to $158.6 million for the fourth quarter of 2024.
Net income was $1.7 million for the fourth quarter of 2024, a significant improvement from a net loss of $4.2 million in the fourth quarter of 2023.
Adjusted EBITDA increased 55% to $25.6 million for the fourth quarter of 2024.
A definitive agreement has been entered into to be acquired by Gen Digital.
Forward Guidance
Given the announced transaction with Gen Digital, MoneyLion will not be hosting an earnings conference call nor providing financial guidance in conjunction with this press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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