Green Dot Q2 2022 GAAP EPS $0.27, revenue $362.8M; non-GAAP EPS $0.74 up 9% YoY, raises guidance

GREEN DOT CORP

GAAP revenue $362.8M (down 2% YoY); net income $15.0M (down 40%); diluted EPS $0.27 (down 40%).
Non-GAAP revenue $355.1M (down 1% YoY); non-GAAP net income $40.4M (up 7%); non-GAAP diluted EPS $0.74 (up 9%).
Adjusted EBITDA $67.5M (up 7% YoY); margin improved to 19.0% from 17.6%.
Company raises non-GAAP EPS guidance range; specific updated figures not disclosed in release excerpt.
CEO cites operational efficiencies and growth in average revenue per active account; Investor Day planned for November.

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