MoneyLion raises FY24 revenue view to $536M-$541M from $525M-$535M

Consensus $528.81M. Raises FY24 adjusted EBITDA view to $88M-$93M from $80M-$87M. “MoneyLion (ML) generated record revenue of $135 million and Adjusted EBITDA of $24 million in the third quarter. These results met or exceeded our guidance across all metrics. Building on this momentum, we are happy to announce we are raising our full-year 2024 guidance, which implies revenue growth acceleration exiting the year. For full-year 2024, we now expect revenue of $536 million to $541 million and Adjusted EBITDA of $88 to $93 million. Accordingly, for the fourth quarter of 2024, we expect revenue of $149 to $154 million and Adjusted EBITDA of $22 to $27 million. This reflects revenue growth of 34% year-over-year at the midpoint, a significant acceleration from 23% growth in Q3 2024,” said Rick Correia, MoneyLion’s CFO.