Green Dot reports Q3 adjusted EPS 13c, consensus 17c

Reports Q3 revenue $409.74M, consensus $392.58M. “It was a solid quarter of execution, and we are excited about the launch of our embedded finance brand, Arc by Green Dot (GDOT), signifying our commitment to this sizable market where we believe ample opportunity for long-term growth exists,” said George Gresham, Chief Executive Officer of Green Dot. “While our GAAP net loss was larger than last year, we returned to adjusted EBITDA growth in the quarter, which we believe is evidence of our progress on efforts to position Green Dot as a market leader with predictable financial performance and operational excellence.”