Strong Financial Performance
Adjusted revenue increased by 24% and adjusted EBITDA rose by 53%. Non-GAAP EPS grew by 80% from last year, driven by strong performance across all segments.
Significant New Partnerships
Green Dot announced new partnerships with Samsung and Crypto.com, leveraging their ARC platform to enhance digital wallet functionalities and provide cash access solutions.
Walmart Partnership Renewal
The long-standing agreement with Walmart was extended through 2033, highlighting the strength and trust in the ongoing partnership.
B2B Segment Growth
The B2B segment, including BaaS, showed over 40% revenue growth, driven by significant partnerships and an expanding portfolio.
Improved Segment Profit
For the first time in many years, segment profit increased across all three segments, with notable performance in B2B and Money Movement.