The chart below shows how MQ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MQ sees a -0.61% change in stock price 10 days leading up to the earnings, and a -2.38% change 10 days following the report. On the earnings day itself, the stock moves by +1.13%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
TPV Growth Surge: Total processing volume (TPV) was $74 billion in the third quarter, a 30% increase compared to the same quarter of 2023.
Quarterly Revenue Increase: Net revenue of $128 million in the quarter increased 18% year-over-year.
Gross Profit Growth: Gross profit was $90 million in the quarter, a growth of 24% versus the comparable quarter of 2023.
Operating Expenses Increase: Our non-GAAP adjusted operating expenses were $81 million, representing a 9% increase year-over-year, significantly below our gross profit growth rate.
Adjusted EBITDA Margin: Adjusted EBITDA of $9 million in the quarter, resulting in a margin of 7%.
Negative
TPV Growth Surge: Total processing volume (TPV) was $74 billion in the third quarter, a 30% increase compared to the same quarter of 2023.
Net Revenue Increase: Our net revenue of $128 million in the quarter increased 18% year-over-year.
Gross Profit Growth: Gross profit was $90 million in the quarter, a growth of 24% versus the comparable quarter of 2023.
Operating Expenses Increase: Our non-GAAP adjusted operating expenses were $81 million, representing a 9% increase year-over-year, significantly below our gross profit growth rate.
Adjusted EBITDA Achievement: This resulted in an adjusted EBITDA of $9 million in the quarter.
Marqeta, Inc. (MQ) Q3 2024 Earnings Call Transcript
MQ.O
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