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  "presentationDate": "2024-11-01 00:00:00",
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      "text": "22% Year-Over-Year Growth\n57% 63% 68% 65% 69%\n3Q23 4Q23 1Q24 2Q24 3Q24",
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      "text": "Variable margin increased ~500bps QoQ since provision\nexpense as a % of revenue decreased by ~300bps as\ncredit performance strengthened from ongoing\nimprovements. Other variable expenses as a % of revenue\nimproved QoQ from lower dispute volume in addition to\nthe 3Q24 vendor contract renegotiation referenced above.",
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      "text": "Variable margin expanded ~1,300bps (22%) YoY due to:\n• Lower provision expense as % of revenue as a result of\nsignificant improvements in credit performance driven\nby CashAI™\n• Processing cost / vendor optimization\n• Favorable renegotiations with key vendors in 3Q24 and\n4Q23",
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      "text": "Note: Non-GAAP Variable Profit Margin calculation has been revised (in all periods shown above) to reflect Non-GAAP Variable Profit as a\npercentage of GAAP Operating Revenues, Net. In disclosure prior to 1Q24, Non-GAAP Variable Profit Margin reflected Non-GAAP Variable\nProfit as a percentage of Non-GAAP Operating Revenues. See Glossary for the definition of Non-GAAP Variable Profit.\nNote: See Appendix for reconciliation of Non-GAAP measures.",
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      "text": "Provision for Credit Losses - % of Total Revenue\n24% 20% 14% 18% 15%",
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      "text": "Other Variable Expenses - % of Total Revenue\n19% 18% 19% 17% 16%",
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