Marqeta, Inc. (MQ) experienced a significant after-hours plunge of 7.93% following the release of its fourth-quarter financial results.
The company reported revenue of $172 million, surpassing the IBES estimate of $167 million. Adjusted EBITDA also beat expectations, coming in at $31 million versus an estimate of $26.1 million. However, the results were mixed as the company posted a net loss of $1 million and earnings per share of $0 for the quarter.
This combination of a revenue beat alongside a net loss likely contributed to negative investor sentiment in the extended trading session.
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