What drove ML's EPS growth in early 2024?

MoneyLion's EPS growth in early 2024 was primarily driven by significant revenue growth and improved profitability: 1. **Revenue Growth**: MoneyLion experienced a substantial increase in total revenue, which grew by approximately 29% year-over-year to $546 million for the full year of 2024. This significant rise in revenue reflects the company's strong market performance and customer adoption of its financial products and services. 2. **Adjusted EBITDA**: The company's Adjusted EBITDA also saw remarkable growth, reaching $91.97 million for the full year of 2024, marking a 98% increase from the previous year. This indicates enhanced operational efficiency and profitability. 3. **Customer and Product Growth**: MoneyLion's customer base expanded by 46% year-over-year to 20.4 million, with total products growing by 48% to 34.1 million for the full year of 2024. This significant increase in customer base and product utilization contributes to higher revenue and profitability. 4. **Strategic Initiatives**: MoneyLion's strategic initiatives, such as the launch of new products and partnerships, have been successful in scaling the business and gaining market share. These initiatives likely led to increased revenue and improved profitability. In conclusion, MoneyLion's EPS growth in early 2024 was driven by robust revenue growth, enhanced profitability as indicated by Adjusted EBITDA, significant customer and product growth, and successful strategic initiatives.