Why did GDOT consistently outperform forecasts in 2024?

Green Dot Corporation (GDOT) consistently outperformed forecasts in 2024 due to several key factors: 1. **Strong Revenue Growth**: Green Dot saw significant year-over-year revenue increases, with a 15% rise in full-year 2024 revenues, amounting to $1.72 billion. This growth was driven by accelerated performance in its B2B and embedded finance businesses. 2. **New Partnerships and Business Expansion**: The company's strategic moves, such as forming partnerships with Varo, Clip Money, and DolFintech, have bolstered its embedded finance business and B2B segment. These partnerships have tapped into growing demand for embedded finance solutions and have expanded Green Dot's market reach. 3. **Cost Management and Operational Improvements**: Despite facing headwinds in its Consumer Services segment, Green Dot has focused on cost reduction and operational efficiencies. This has helped the company balance ongoing challenges with improved profitability in other areas. 4. **Growth in Active Accounts and Transaction Volumes**: Green Dot reported growth in active accounts, with a 3% year-over-year increase, marking the first positive quarter of account growth in several years. Concurrently, the gross dollar volume for the quarter ended December 31, 2024, was $35.3 billion, up from $26.4 billion in the same period of 2023. These elements, among others, have collectively contributed to Green Dot's outperformance in 2024, highlighting the company's resilience and strategic adaptability amidst challenging market conditions.