MoneyLion Inc. (NYSE:ML) Q1 2023 Results Conference Call May 9, 2023 10:00 AM ET

Company Participants

Sean Horgan - Head of Investor Relations

Diwakar Choubey - Chief Executive Officer

Richard Correia - Chief Financial Officer

Conference Call Participants

Josh Siegler - Cantor Fitzgerald

George Sutton - Craig Hallam

Operator

Good day and welcome to MoneyLion Incorporated First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. [Operator Instructions] please note this conference is being recorded.

Before we go further, I would like to turn the conference over to Sean Horgan, MoneyLion’s Head of Investor Relations.

Sean Horgan

Thank you and good morning. Welcome to MoneyLion’s first quarter 2023 earnings conference call. Joining me today to talk about our results are MoneyLion’s CEO, Dee Choubey; and CFO, Rick Correia.

You can find the presentation accompanying our earnings release on the Investor Relations section of our website. Please note that any Forward-Looking Statements made in this commentary are subject to our Safe Harbor statement found in our SEC filings and in our earnings press release.

Now, I will turn the call over to Dee.

Diwakar Choubey

Thank you, Sean. Good morning and welcome everyone to our first quarter 2023 earnings presentation. I’m excited to share with you the exceptional results MoneyLion has achieved in the first quarter of 2023.

Our performance in this quarter is a testament to the strategy we set out to execute, despite the continued volatility and uncertainty in the global macro environment. The core pillars of our strategy include, first and foremost to transition from growth at all costs to efficient growth, while hitting profitability milestones.

Second, to integrate unique assets acquired through our acquisitions. And this is really our unique data advantage and financial content creation capabilities to acquire and retain at scale is your superpower.

The advancements in large language models like ChatGPT are great. But we have the white truffle the massive data advantage that gets generated after interacting with billions of touch points and transactions across millions of customers. We continue to innovate to build our proprietary data to power insights that accelerate the adoption of our product in enhance our relationship with consumers.

And finally, to ensure balancing innovation and growth with a long-term drive toward strong and consistent margins. This has been a relentless pursuit for us driving innovation in the wake of tremendous market disruptions.