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MoneyLion recorded record revenue of $131m, up 23% YoY and net income of $3.1m for the second quarter of 2024 versus a net loss of $27.7m in the second quarter of 2023. Adjusted EBITDA was $18.5m for the second quarter of 2024 versus $9.2m in the second quarter of 2023, representing 14.2% adjusted EBITDA margin.
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“Our second quarter 2024 results reflect MoneyLion’s leading position as the first digital ecosystem for consumer finance and continued progress towards becoming the number one destination for Americans to make financial decisions,” said Dee Choubey, MoneyLion’s Co-Founder and Chief Executive Officer.
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