Green Dot reports Q1 revenue up 4% to $416M, net income down 7%; reaffirms 2023 guidance

GREEN DOT CORP

GAAP total operating revenues $416.4M, up 4% YoY; net income $36.0M, down 7%.
GAAP diluted EPS $0.69 vs $0.70 in prior year.
Non-GAAP adjusted EBITDA $82.5M, margin 20.0% (down from 22.9%).
Non-GAAP diluted EPS $0.99 vs $1.06 prior year.
CEO cites progress on platform conversions and reaffirms 2023 guidance.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GREEN DOT CORP reported the quarter ended March 31, 2023 results: revenue $ 416,380, net income $ 36,012, EPS $ 0.69. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $ 416,380
Net income: $ 36,012
EPS: $ 0.69
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Consolidated Results Summary Three Months Ended March 31, 2023 2022 % Change (In thousands, except per share data and percentages) GAAP financial results Total operating revenues $ 416,380 $ 400,617 4% Net income $ 36,012 $ 38,624 (7)% Diluted earnings per common share $ 0.69 $ 0.70 (1)%

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Source: SEC EDGAR

accession 0001386278-23-000026

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