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      "text": "Generated Adj. EBITDA profitability several quarters ahead of the expectation we set in mid-2022; Grew 32% sequentially in 1Q24\nFinancial outperformance was driven by:\nARPU improvement based on stronger engagement in and monetization of ExtraCash and deeper cross-attach of Dave Card\nSubstantial variable margin expansion based on underwriting and settlement optimizations, payment network enhancements, and renegotiated vendor contracts\nLower marketing spend given significantly more efficient CACs and stronger member conversion, retention, and reactivation\nIncreased operating leverage of a fixed cost base which we continue to rationalize",
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      "text": "Achieved in 4Q22 - earlier than prior guidance of 2023\nDigital marketing spend can be flexed to optimize ROIs and preserve liquidity as needed\nImplies level of self-sustainability of business model given our solid levels of organic acquisition",
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