Green Dot (GDOT) Tops Q2 EPS by 4c; Cuts FY15 Outlook

Green Dot Reports Second Quarter 2015 Non-GAAP YoY Revenue Growth of 15% to $171M, Adjusted EBITDA margin of 20% and Non-GAAP EPS of $0.28

Better than expected Q2 results; Refines full year guidance

PASADENA, Calif.--(BUSINESS WIRE)-- Green Dot Corporation (NYSE: GDOT), today reported financial results for the second quarter ended June 30, 2015.

For the second quarter of 2015, Green Dot reported growth of 16% and 15% year-over-year in consolidated GAAP and non-GAAP total operating revenues1 to $170.2 million and $170.8 million, respectively, and a decrease of 6% in adjusted EBITDA to $34.2 million. Green Dot also reported $0.06 in GAAP diluted earnings per share and $0.28 in non-GAAP diluted earnings per share1, representing an 81% and 32% year-over-year decrease, respectively.

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Green Dot Announces New Cash Processing Technology

PASADENA, Calif.--(BUSINESS WIRE)-- Green Dot Corporation (NYSE: GDOT) today announced a new cash processing technology that enables customers to securely and conveniently add cash to their accounts at participating retailers using their mobile device. This service leverages Green Dots new mobile and web-enabled barcode generation system and thousands of Green Dot retail locations to provide a new cash-loading option.

Green Dot @ the Register facilitates a safer and seamless process for adding cash to accounts that is easy, convenient and intuitive for both customers and retailers, said Helena Mao, General Manager,... More