$SoFi Technologies Inc.(SOFI)$

2022-04-07

$SoFi Technologies Inc.(SOFI)$SoFi Updates 2022 Annual Guidance to Reflect Latest Extension of Federal Student Loan Payment Moratorium.

SAN FRANCISCO, April 06, 2022--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) today announced updated guidance for its anticipated full-year 2022 financial results following President Biden’s directive to extend the federal student loan payment moratorium from May 1, 2022 until August 31, 2022. Management now expects that a number of factors including the impending fall midterm elections will precipitate a likely seventh extension beyond August 2022 by the Administration. Accordingly, Management’s updated 2022 guidance assumes that the student loan moratorium will not in fact end during the course of 2022.

SoFi’s updated Adjusted Net Revenue and Adjusted EBITDA guidance for full-year 2022 is $1.47 billion and $100 million, respectively, a reduction from previous guidance of $1.57 billion and $180 million, respectively.

SoFi maintains its original guidance of $280-285 million Adjusted Net Revenue and $0-5 million Adjusted EBITDA for the first quarter of 2022.

https://sg.finance.yahoo.com/news/sofi-updates-2022-annual-guidance-201400377.html

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Comments

balaranjith
2022-04-08
balaranjith
I'm holding it for long term
- D.Billions:
  me too holding for long term, coz all of the new growth companies along their way to be successful won't sailed smoothly.
MortimerDodd
2022-04-07
MortimerDodd
This policy is bad for SoFi, right?
- MortimerDoddReplyD.Billions:
  I hope SOFI's development can satisfy those who like it.
- D.Billions:
  short term yes, but not for long term as SoFi slowly moving away from student loans.
Maria_yy
2022-04-07
Maria_yy
Biden finally did the right thing.
- Maria_yyReplyD.Billions:
  You see the truth. Everything he does is politically motivated.
- D.BillionsReplyMaria_yy:
  yes, coz he is a politician, and the only way to gain young voters age between 18 to 29 to support him is student loan moratorium extension and/or forgiveness.
- D.Billions:
  for his mid-term elections and political mileage
- Maria_yyReplyD.Billions:
  Let's keep watching the fallout from this policy.
BurnellStella
2022-04-07
BurnellStella
SoFi's latest forecasts leave me unsatisfied.
- BurnellStellaReplyD.Billions:
  You have a point. It's not really the company's fault.
- D.Billions:
  leave them no choice coz that is the gov instructions for student loan moratorium to be further extended.

Leave a comment

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SAN FRANCISCO, April 06, 2022--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) today announced updated guidance for its anticipated full-year 2022 financial results following President Biden’s directive to extend the federal student loan payment moratorium from May 1, 2022 until August 31, 2022. Management now expects that a number of factors including the impending fall midterm elections will precipitate a likely seventh extension beyond August 2022 by the Administration. Accordingly, Management’s updated 2022 guidance assumes that the student loan moratorium will not in fact end during the course of 2022.SoFi’s updated Adjusted Net Revenue and Adjusted EBITDA guidance for full-year 2022 is $1.47 billion and $100 million, respectively, a reduction from previous guidance of $1.57 billion and $180 million, respectively.SoFi maintains its original guidance of $280-285 million Adjusted Net Revenue and $0-5 million Adjusted EBITDA for the first quarter of 2022. https://sg.finance.yahoo.com/news/sofi-updates-2022-annual-guidance-201400377.html<img src=\"https://community-static.tradeup.com/news/0a32def5b202dd255d796220cb796520\" tg-width=\"1080\" tg-height=\"2154\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a>SoFi Updates 2022 Annual Guidance to Reflect Latest Extension of Federal Student Loan Payment Moratorium. SAN FRANCISCO, April 06, 2022--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) today announced updated guidance for its anticipated full-year 2022 financial results following President Biden’s directive to extend the federal student loan payment moratorium from May 1, 2022 until August 31, 2022. Management now expects that a number of factors including the impending fall midterm elections will precipitate a likely seventh extension beyond August 2022 by the Administration. Accordingly, Management’s updated 2022 guidance assumes that the student loan moratorium will not in fact end during the course of 2022.SoFi’s updated Adjusted Net Revenue and Adjusted EBITDA guidance for full-year 2022 is $1.47 billion and $100 million, respectively, a reduction from previous guidance of $1.57 billion and $180 million, respectively.SoFi maintains its original guidance of $280-285 million Adjusted Net Revenue and $0-5 million Adjusted EBITDA for the first quarter of 2022. https://sg.finance.yahoo.com/news/sofi-updates-2022-annual-guidance-201400377.html<img src=\"https://community-static.tradeup.com/news/0a32def5b202dd255d796220cb796520\" tg-width=\"1080\" tg-height=\"2154\"></body></html>","text":"$SoFi Technologies Inc.(SOFI)$SoFi Updates 2022 Annual Guidance to Reflect Latest Extension of Federal Student Loan Payment Moratorium. SAN FRANCISCO, April 06, 2022--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) today announced updated guidance for its anticipated full-year 2022 financial results following President Biden’s directive to extend the federal student loan payment moratorium from May 1, 2022 until August 31, 2022. Management now expects that a number of factors including the impending fall midterm elections will precipitate a likely seventh extension beyond August 2022 by the Administration. Accordingly, Management’s updated 2022 guidance assumes that the student loan moratorium will not in fact end during the course of 2022. SoFi’s updated Adjusted Net Revenue and Adjusted EBITDA guidance for full-year 2022 is $1.47 billion and $100 million, respectively, a reduction from previous guidance of $1.57 billion and $180 million, respectively. SoFi maintains its original guidance of $280-285 million Adjusted Net Revenue and $0-5 million Adjusted EBITDA for the first quarter of 2022. https://sg.finance.yahoo.com/news/sofi-updates-2022-annual-guidance-201400377.html","highlighted":2,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9012380145","repostId":0,"isVote":1,"tweetType":1,"viewCount":221,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SOFI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1042,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":101102522,"commentId":"101102522","gmtCreate":1649383263675,"gmtModify":1663246368233,"authorId":3584866490611464,"author":{"id":3584866490611464,"idStr":"3584866490611464","authorId":3584866490611464,"name":"balaranjith","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9012380145,"objectIdStr":"9012380145","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"I'm holding it for long term","text":"I'm holding it for long term","html":"I'm holding it for long term","likeSize":2,"commentSize":1,"subComments":[{"id":101103251,"commentId":"101103251","gmtCreate":1649387185468,"gmtModify":1649387185468,"authorId":4091284840222960,"author":{"id":4091284840222960,"idStr":"4091284840222960","authorId":4091284840222960,"name":"D.Billions","avatar":"https://static.tigerbbs.com/29001ed73c58d3156d6a33fa7525ca72","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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it."},{"id":101094221,"commentId":"101094221","gmtCreate":1649326108297,"gmtModify":1663246333239,"authorId":4091284840222960,"author":{"id":4091284840222960,"idStr":"4091284840222960","authorId":4091284840222960,"name":"D.Billions","avatar":"https://static.tigerbbs.com/29001ed73c58d3156d6a33fa7525ca72","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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loans."}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101092888,"commentId":"101092888","gmtCreate":1649309773959,"gmtModify":1663246327266,"authorId":9000000000000478,"author":{"id":9000000000000478,"idStr":"9000000000000478","authorId":9000000000000478,"name":"Maria_yy","avatar":"https://static.tigerbbs.com/168415c8fa94e7b14ffb415e8098eac9","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9012380145,"objectIdStr":"9012380145","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Biden finally did the right thing.","text":"Biden finally did the right thing.","html":"Biden finally did the right thing.","likeSize":1,"commentSize":4,"subComments":[{"id":101107940,"commentId":"101107940","gmtCreate":1649428724071,"gmtModify":1663246397743,"authorId":9000000000000478,"author":{"id":9000000000000478,"idStr":"9000000000000478","authorId":9000000000000478,"name":"Maria_yy","avatar":"https://static.tigerbbs.com/168415c8fa94e7b14ffb415e8098eac9","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":4091284840222960,"repliedAuthor":{"id":4091284840222960,"idStr":"4091284840222960","authorId":4091284840222960,"name":"D.Billions","avatar":"https://static.tigerbbs.com/29001ed73c58d3156d6a33fa7525ca72","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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Everything he does is politically motivated.","text":"You see the truth. Everything he does is politically motivated.","html":"You see the truth. Everything he does is politically motivated."},{"id":101108151,"commentId":"101108151","gmtCreate":1649430208694,"gmtModify":1663246396761,"authorId":4091284840222960,"author":{"id":4091284840222960,"idStr":"4091284840222960","authorId":4091284840222960,"name":"D.Billions","avatar":"https://static.tigerbbs.com/29001ed73c58d3156d6a33fa7525ca72","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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way to gain young voters age between 18 to 29 to support him is student loan moratorium extension and/or forgiveness.","text":"yes, coz he is a politician, and the only way to gain young voters age between 18 to 29 to support him is student loan moratorium extension and/or forgiveness.","html":"yes, coz he is a politician, and the only way to gain young voters age between 18 to 29 to support him is student loan moratorium extension and/or forgiveness."},{"id":101094231,"commentId":"101094231","gmtCreate":1649326165039,"gmtModify":1663246333929,"authorId":4091284840222960,"author":{"id":4091284840222960,"idStr":"4091284840222960","authorId":4091284840222960,"name":"D.Billions","avatar":"https://static.tigerbbs.com/29001ed73c58d3156d6a33fa7525ca72","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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mileage"},{"id":101126324,"commentId":"101126324","gmtCreate":1649590156598,"gmtModify":1649590156598,"authorId":9000000000000478,"author":{"id":9000000000000478,"idStr":"9000000000000478","authorId":9000000000000478,"name":"Maria_yy","avatar":"https://static.tigerbbs.com/168415c8fa94e7b14ffb415e8098eac9","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":4091284840222960,"repliedAuthor":{"id":4091284840222960,"idStr":"4091284840222960","authorId":4091284840222960,"name":"D.Billions","avatar":"https://static.tigerbbs.com/29001ed73c58d3156d6a33fa7525ca72","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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policy."}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101092887,"commentId":"101092887","gmtCreate":1649309768724,"gmtModify":1663246329230,"authorId":9000000000000665,"author":{"id":9000000000000665,"idStr":"9000000000000665","authorId":9000000000000665,"name":"BurnellStella","avatar":"https://static.tigerbbs.com/2c065267febaa7f90a2c347c9360e4b1","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9012380145,"objectIdStr":"9012380145","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"SoFi's latest forecasts leave me unsatisfied.","text":"SoFi's latest forecasts leave me unsatisfied.","html":"SoFi's latest forecasts leave me 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