MoneyLion, Inc. (NYSE:ML) Q3 2022 Results Conference Call November 10, 2022 8:30 AM ET
Company Participants
Sean Horgan - Head, IR
Dee Choubey - Co-Founder, CEO
Rick Correia - CFO & Treasurer
Conference Call Participants
Will Carlson - Cantor Fitzgerald
Harold Goetsch - Loop Capital
Operator
Greetings and welcome to MoneyLion Third Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Sean Horgan, Head of IR. Please proceed.
Sean Horgan
Good morning and thank you all for joining us today to discuss MoneyLion's results for the third quarter ended September 30, 2022.
Before we begin, I'd like to remind you 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. Today's call is also accompanied by an earnings presentation that you can view on your webcast and on our website at investors.moneylion.com.
I would also like to take a moment to remind everyone that we recently announced we will be hosting an Investor Day on December 8, 2022 in New York. Registration can be found in the Events & Presentations section of our Investor Relations website. We are excited to connect with all of you and look forward to your participation.
With that, I'll turn the call over to MoneyLion's CEO, Dee Choubey.
Dee Choubey
Thank you, Sean. Good morning, and welcome everyone to our third quarter earnings presentation. Q3 was another record quarter for MoneyLion marking our 7th consecutive quarter of triple-digit adjusted revenue growth, while making progress towards becoming profitable at scale. We remain focused on building out our unique combination of content, data and marketplace assets, while delivering best-in-class fundamental performance. It's easy to get lost in the uncertainty plaguing our economy and financial markets on a daily basis and it becomes easy to lose sight of success stories in the business of innovation and disruption.
However, it's remarkable how far we’d come in such a short time. So let's zoom out to illustrate the scope of work our talented global team has been busy executing on. Just as a reminder, in 2020, we did $80 million of adjusted revenue. In '21, we did nearly $165 million and in 2022, we're expecting $320 million to $330 million of adjusted revenue. And all of this is being done while we substantially grow our targeted addressable market in total customers and continue to integrate two meaningful acquisitions that position us as the go to platform to match consumers with the most relevant products and personalized money content.