Welcome to our dedicated page for MoneyLion news (Ticker: $ML), a resource for investors and traders seeking the latest updates and insights on MoneyLion stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MoneyLion's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MoneyLion's position in the market.
MoneyLion Inc. announced its first quarter 2024 results with record revenue of $121 million, up 29% year-over-year, record GAAP net income of $7 million, and diluted EPS of $0.60. The company's Adjusted EBITDA reached $23 million, representing a 19.4% margin. MoneyLion is experiencing significant growth, with total customers up 98% to 15.5 million, total products up 73% to 25.3 million, and total originations up 42% to $717 million. The company exceeded its Q1 guidance and provided strong financial guidance for the second quarter of 2024, expecting revenue between $125 to $130 million and Adjusted EBITDA of $17 to $20 million.