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MoneyLion released Q2 earnings this week, raising full year 2022 adjusted revenue guidance and reaffirming breakeven adjusted EBITDA target exiting 2022. The company posted record quarterly adjusted revenue, up 131% YoY, record new customer adds of ~950k, and total customers grew 124% YoY to 4.9m. MoneyLion also reported maintaining leading unit economics - with CAC decreasing to $9 (from $16 in Q1) and ARPU increasing to $76 (from $74 in Q1).
“In the second quarter, we continued to execute on our efficient growth strategy,” said Dee Choubey, co-founder and CEO of MoneyLion. “We delivered our sixth consecutive quarter of triple-digit Adjusted Revenue growth, while further improving our Adjusted EBITDA margin. We added a record number of new customers and ended the quarter with 4.9 million Total Customers, maintained strong unit economics and further diversified our revenue mix.”
