Overview

• Second-quarter revenue rose 37% to $528 million, surpassing the $495 million average estimate.
• Adjusted EBITDA reached $16 million, more than triple the $4.7 million analysts had expected.
• Shares fell 13% to a market value of $11 billion after the company forecast full-year revenue of $2.14 billion to $2.16 billion.
• Active members increased by just 100,000 to 8.7 million, marking a deceleration in customer growth.
• MyPay advances generated $300 million in annualized revenue and the credit loss rate improved from 1.6% to 1.4%.