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MoneyLion delivered record Adjusted Revenue of $92m and improved Adjusted EBITDA to ($6)m in the fourth quarter. Full year 2022 Adjusted Revenue grew 99% year-over-year to $328m, which was at the high end of their range, and Adjusted EBITDA was ($63)m, which was a beat versus guidance of ($65) to ($70)m. For the full year 2023, they expect positive Adjusted EBITDA, reflecting their continued focus on reaching sustained profitability at scale.
“I am incredibly proud of the transformative change that the MoneyLion team achieved in 2022,” said Dee Choubey, co-founder and Chief Executive Officer of MoneyLion. “From integrating our unique combination of assets, to setting the team up for efficient execution in a tough operating environment, we delivered incredible value to our customers, resulting in record operating and financial performance in 2022. We achieved another quarter of record Adjusted Revenue and exited the year with positive Adjusted EBITDA in December, highlighting an important milestone and crossing an inflection point. MoneyLion is well positioned for profitable growth in 2023 with a smart business model that drives must-have value to both customers and enterprise clients.”
