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MoneyLion (ML)
NYSE:ML
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.52Last Year’s EPS
-$0.41Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 56.64%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter for MoneyLion with record revenue and significant customer growth. The launch of new products and strategic initiatives like MoneyLion Checkout are expected to drive future growth. However, there are some concerns regarding regulatory challenges and the impact of the current credit cycle. Overall, the positive highlights significantly outweigh the lowlights.Company Guidance
During MoneyLion's Q3 2024 earnings call, the company provided updated guidance reflecting strong performance and optimism for future growth. MoneyLion reported a record quarterly revenue of $135 million, marking a 23% year-over-year increase, and raised its full-year revenue guidance to a range of $536 million to $541 million, up from the previous guidance of $525 million to $535 million. The company also achieved record adjusted EBITDA of $24 million, exceeding the guidance range of $18 million to $21 million, with an adjusted EBITDA margin of 18%. For Q4 2024, MoneyLion anticipates revenue growth of 32% to 36% year-over-year, targeting a revenue range of $149 million to $154 million, and expects adjusted EBITDA between $22 million and $27 million. The company also highlighted substantial growth in Enterprise revenue, which increased 18% quarter-over-quarter to $45 million, and projected further acceleration in Q4. Additionally, MoneyLion ended Q3 with 18.7 million total customers, a 54% year-over-year increase, and a cash balance of $112 million, up from $98 million at the end of Q2.Record Quarterly Revenue
Achieved record quarterly revenue of $135 million, representing 23% year-over-year growth. Raised full year 2024 revenue guidance to $536 million to $541 million, up from $525 million to $535 million.
Strong Adjusted EBITDA Performance
Generated record adjusted EBITDA of $24 million for the quarter, exceeding the guidance range of $18 million to $21 million. Adjusted EBITDA margin was 18%, above the high end of the guidance.
Enterprise Revenue Growth
Generated record Enterprise revenue with growth of 18% quarter-over-quarter to $45 million, reflecting continued momentum.
Customer Growth
Ended the third quarter with 18.7 million total customers, marking a 54% year-over-year increase. Total customers have grown about 3.5x since Q3 2022.
MoneyLion Checkout Launch
Launched MoneyLion Checkout, an end-to-end solution that unifies and simplifies the financial product shopping experience, which has already shown a 25% improvement in click-through rates and a 2.5x increase in conversions.
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ML Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ML Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $55.46 | $69.24 | +24.85% |
| Aug 06, 2024 | $59.70 | $48.99 | -17.94% |
| May 07, 2024 | $71.40 | $71.53 | +0.18% |
| Mar 07, 2024 | $52.55 | $67.36 | +28.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MoneyLion (ML) report earnings?
MoneyLion (ML) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is MoneyLion (ML) earnings time?
MoneyLion (ML) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ML EPS forecast?
ML EPS forecast for the fiscal quarter 2024 (Q4) is $0.52.
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