GDOT - Green Dot reports Q2 earnings beat; reaffirms FY22 guidance

• Green Dot press release ( NYSE: GDOT ): Q2 Non-GAAP EPS of $0.74 beats by $0.19 .
• Revenue of $362.8M (-1.8% Y/Y) beats by $0.72M .
• Adjusted EBITDA was $67.5M, or 19.0% of non-GAAP total operating revenues for the second quarter of 2022, compared to $62.9M, or 17.6% of non-GAAP total operating revenues for the second quarter of 2021, representing a year-over-year increase of 7%.
• Green Dot has provided its updated financial outlook for 2022: Green Dot reaffirms its full year non-GAAP total operating revenues to be between $1.394 billion and $1.430 billion vs. consensus of $1.43B, or up 2% year-over-year at the mid-point.
• Green Dot reaffirms its full year adjusted EBITDA to be between $230 million and $240 million, or up 8% year-over-year at the mid-point.

• Green Dot now expects its full year non-GAAP EPS to be between $2.35 and $2.49 vs. consensus of $2.40, or up 10% year-over-year at the mid-point, versus its previous guidance range of $2.32 and $2.46.

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