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MoneyLion delivered revenue of $107m and Adjusted EBITDA of $9m in the second quarter. Revenue, gross profit margin, and Adjusted EBITDA all exceeded the high end of guidance. For the third quarter of 2023, revenue is expected to be $110 to $115m, gross profit margin 55% to 60% and Adjusted EBITDA of $6 to $10m.
"Thanks to the hard work of our exceptional team, MoneyLion was able to reach record revenue and its second consecutive quarter of positive Adjusted EBITDA," said Dee Choubey, MoneyLion’s co-founder and Chief Executive Officer. "Performance in the second quarter was driven by product diversification and margin expansion in our Enterprise marketplace business and continued momentum and robust credit performance in our Consumer business."
https://finance.yahoo.com/news/moneylion-announces-second-quarter-2023-113000945.html
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