Marqeta reports Q1 EPS (2c), consensus (5c)

Reports Q1 revenue $139.07M, consensus $135.3M. Reports Q1 Total Processing Volume $84.47B, up 27% year-over-year. Reports Q1 Adjusted EBITDA $20.08M. “Our Q1 results demonstrate our ability to execute our growth plans while simultaneously increasing our level of profitability,” said Mike Milotich, Interim CEO and CFO of Marqeta (MQ). “We continue to expand our customer portfolio across a diverse set of use cases and geographies, exhibiting our payments industry leadership and our growing track record migrating programs to our modern platform.”