MoneyLion Inc. (ML) Reports Q3 Net Loss of 21M

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MoneyLion Reports Record Third Quarter 2022 Results

November 10, 2022 7:30 AM EST

Record GAAP and Adjusted Revenue for Third Quarter 2022; Continued Progress Towards Profitability

Quarterly GAAP Revenue up 101% Year-over-Year; Adjusted Revenue up 103% Year-over-Year

Net Loss of $21.0 million in Q3 from $23.1 million in Q2; Adj. EBITDA of ($14.3) million in Q3 from ($18.5) million in Q2

New Customer Adds of 780K; Total Customers Grew 101% Year-over-Year to 5.4 million

Actioning Approximately $15 million Annualized Run-Rate Fixed Cost Savings in Q4 2022

NEW YORK--(BUSINESS... More