Reports Q3 revenue $150.8M, consensus $133.5M. “We delivered another record quarter in Q3, reflecting the continued strength of customer demand and the scalability of our platform. Revenue grew over 60% year-over-year for the second consecutive quarter and Adjusted EBITDA more than doubled for the fourth straight quarter,” said Jason Wilk, Founder and CEO of Dave (DAVE). “Continued ARPU expansion, accelerating MTM growth, and solid credit performance-which remained squarely within our guardrails-further advanced our strategy to maximize gross profit.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAVE:
- DAVE Upcoming Earnings Report: What to Expect?
- 3 Strong Buy-Rated Stocks Boasting a ‘Perfect 10’ Smart Score
- Dave appoints Barrile as Chief Product Officer
- Looking for Growth? 3 Russell 2000 Stocks with ‘Strong Buy’ Ratings to Watch Now
- Dave credit concerns related to Upstart misplaced, says Benchmark
