Shares of Green Dot (GDOT) jumped 6.51% in after-hours trading on Monday, following the company's release of better-than-expected third-quarter results and an upward revision of its full-year 2025 guidance.
The financial technology company reported adjusted earnings per share of $0.06 for Q3, significantly beating analyst estimates of a $0.09 loss. This performance, however, represents a 53.85% decrease from the $0.13 per share reported in the same quarter last year. Green Dot's quarterly sales reached $491.853 million, surpassing the analyst consensus estimate of $485.321 million by 1.35%. The revenue figure marks a substantial 21.14% increase compared to $406.019 million in the same period last year.
Adding to the positive sentiment, Green Dot raised its outlook for the full year 2025. The company now expects adjusted operating revenue in the range of $2,000 million to $2,100 million. Additionally, Green Dot projects adjusted earnings per share between $1.31 and $1.44, with adjusted EBITDA estimated at $165 million to $175 million. These improved projections reflect the company's confidence in its business model and growth strategies, likely contributing to the enthusiastic after-hours response from investors.