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Why Shares of MoneyLion Are Trading With Volatility Today

·2 min read

MoneyLion reported a net loss of more than $23 million in the quarter on total revenue of $87.3 million. "In the second quarter, we continued to execute on our efficient growth strategy," Dee Choubey, co-founder and CEO of MoneyLion, said in a statement. Choubey added, "We delivered our sixth consecutive quarter of triple-digit Adjusted Revenue growth, while further improving our Adjusted EBITDA [earnings before interest, taxes, depreciation, and amortization] margin."