SoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA

40
3
Favorite

SoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA

Tiger Newspress2022-11-01

SoFi Technologies stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.

"Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M," said CEO Anthony Noto.

"Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results," he said.

Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.

Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.

Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.

The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.

Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.

Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.

Financial services net revenue of $49.0M jumped more than three-fold. The unit's contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（3）

BoonHuat
·2022-11-01
Nice.
Reply
Like
Report
Andy Fong
·2022-11-01
Ok
Reply
5
Report
Fold Replies
- Footixx:
  👍
  2022-11-01
  Reply
  Report
OCA
·2022-11-01
[Miser]
Reply
6
Report
Fold Replies
- Jennifer58:
  Haha
  2022-11-01
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1169533276?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-11-01 21:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1169533276","market":"us","top_or_hot":-1,"title":"SoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA","media":"Tiger Newspress","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies</a> stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.<img src=\"https://static.tigerbbs.com/79f0b707882891245ae9e5394127b35e\" tg-width=\"822\" tg-height=\"718\" width=\"100%\" height=\"auto\"/>The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.</p><p>&#34;Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,&#34; said CEO Anthony Noto.</p><p>&#34;Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,&#34; he said.</p><p>Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.</p><p>Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.</p><p>Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.</p><p>The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.</p><p>Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.</p><p>Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.</p><p>Financial services net revenue of $49.0M jumped more than three-fold. The unit&#39;s contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA\n</h2>\n\n<h4 class=\"meta\">\n\n2022-11-01 21:43 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi Technologies stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOFI","symbol_name":"SoFi Technologies Inc.","start_time":0,"source_url":"","article_id":"1169533276","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169533276","pubTimestamp":1667310198,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"SoFi Technologies stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving,","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"translate_title":"SoFi股价在创纪录的第三季度收入和调整后的EBITDA后上涨近17%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":0.9},"content_text":"SoFi Technologies stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.\"Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,\" said CEO Anthony Noto.\"Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,\" he said.Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.Financial services net revenue of $49.0M jumped more than three-fold. The unit's contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9985337212,"gmtCreate":1667312270037,"gmtModify":1676537896315,"author":{"id":"3574549633778650","authorId":"3574549633778650","name":"BoonHuat","avatar":"https://static.tigerbbs.com/f64154b666040668c472fc3731becde7","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3574549633778650","authorIdStr":"3574549633778650"},"htmlText":"Nice.","listText":"Nice.","text":"Nice.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9985337212","repostId":1169533276,"repostType":4,"repost":{"id":"1169533276","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1667310198,"share":"https://ttm.financial/m/news/1169533276?lang=&edition=fundamental","pubTime":"2022-11-01 21:43","market":"us","language":"en","title":"SoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA","url":"https://stock-news.laohu8.com/highlight/detail?id=1169533276","media":"Tiger Newspress","summary":"SoFi Technologies stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving,","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies</a> stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.<img src=\"https://static.tigerbbs.com/79f0b707882891245ae9e5394127b35e\" tg-width=\"822\" tg-height=\"718\" width=\"100%\" height=\"auto\"/>The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.</p><p>&#34;Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,&#34; said CEO Anthony Noto.</p><p>&#34;Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,&#34; he said.</p><p>Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.</p><p>Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.</p><p>Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.</p><p>The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.</p><p>Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.</p><p>Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.</p><p>Financial services net revenue of $49.0M jumped more than three-fold. The unit&#39;s contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-01 21:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies</a> stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.<img src=\"https://static.tigerbbs.com/79f0b707882891245ae9e5394127b35e\" tg-width=\"822\" tg-height=\"718\" width=\"100%\" height=\"auto\"/>The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.</p><p>&#34;Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,&#34; said CEO Anthony Noto.</p><p>&#34;Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,&#34; he said.</p><p>Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.</p><p>Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.</p><p>Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.</p><p>The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.</p><p>Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.</p><p>Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.</p><p>Financial services net revenue of $49.0M jumped more than three-fold. The unit&#39;s contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169533276","content_text":"SoFi Technologies stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.\"Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,\" said CEO Anthony Noto.\"Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,\" he said.Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.Financial services net revenue of $49.0M jumped more than three-fold. The unit's contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9985397246,"gmtCreate":1667310738286,"gmtModify":1676537895937,"author":{"id":"4102500744621190","authorId":"4102500744621190","name":"Andy Fong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4102500744621190","authorIdStr":"4102500744621190"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9985397246","repostId":1169533276,"repostType":4,"repost":{"id":"1169533276","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1667310198,"share":"https://ttm.financial/m/news/1169533276?lang=&edition=fundamental","pubTime":"2022-11-01 21:43","market":"us","language":"en","title":"SoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA","url":"https://stock-news.laohu8.com/highlight/detail?id=1169533276","media":"Tiger Newspress","summary":"SoFi Technologies stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving,","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies</a> stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.<img src=\"https://static.tigerbbs.com/79f0b707882891245ae9e5394127b35e\" tg-width=\"822\" tg-height=\"718\" width=\"100%\" height=\"auto\"/>The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.</p><p>&#34;Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,&#34; said CEO Anthony Noto.</p><p>&#34;Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,&#34; he said.</p><p>Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.</p><p>Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.</p><p>Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.</p><p>The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.</p><p>Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.</p><p>Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.</p><p>Financial services net revenue of $49.0M jumped more than three-fold. The unit&#39;s contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-01 21:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies</a> stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.<img src=\"https://static.tigerbbs.com/79f0b707882891245ae9e5394127b35e\" tg-width=\"822\" tg-height=\"718\" width=\"100%\" height=\"auto\"/>The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.</p><p>&#34;Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,&#34; said CEO Anthony Noto.</p><p>&#34;Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,&#34; he said.</p><p>Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.</p><p>Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.</p><p>Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.</p><p>The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.</p><p>Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.</p><p>Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.</p><p>Financial services net revenue of $49.0M jumped more than three-fold. The unit&#39;s contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169533276","content_text":"SoFi Technologies stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.\"Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,\" said CEO Anthony Noto.\"Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,\" he said.Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.Financial services net revenue of $49.0M jumped more than three-fold. The unit's contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104613009,"gmtCreate":1667312382057,"gmtModify":1667312395183,"authorId":3572228950547010,"author":{"id":3572228950547010,"idStr":"3572228950547010","authorId":3572228950547010,"name":"Footixx","avatar":"https://static.tigerbbs.com/286a694c51da40f13325f2f7cd6b8851","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9985397246,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍</span>","text":"<span class=\"s1\">👍</span>","html":"<span class=\"s1\">👍</span>"}],"langContent":"EN"},{"id":9985394826,"gmtCreate":1667310521666,"gmtModify":1676537895783,"author":{"id":"3575424174048922","authorId":"3575424174048922","name":"OCA","avatar":"https://static.tigerbbs.com/9ed67c34f4cdc380936cc9945710bf76","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3575424174048922","authorIdStr":"3575424174048922"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9985394826","repostId":1169533276,"repostType":4,"repost":{"id":"1169533276","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1667310198,"share":"https://ttm.financial/m/news/1169533276?lang=&edition=fundamental","pubTime":"2022-11-01 21:43","market":"us","language":"en","title":"SoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA","url":"https://stock-news.laohu8.com/highlight/detail?id=1169533276","media":"Tiger Newspress","summary":"SoFi Technologies stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving,","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies</a> stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.<img src=\"https://static.tigerbbs.com/79f0b707882891245ae9e5394127b35e\" tg-width=\"822\" tg-height=\"718\" width=\"100%\" height=\"auto\"/>The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.</p><p>&#34;Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,&#34; said CEO Anthony Noto.</p><p>&#34;Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,&#34; he said.</p><p>Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.</p><p>Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.</p><p>Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.</p><p>The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.</p><p>Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.</p><p>Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.</p><p>Financial services net revenue of $49.0M jumped more than three-fold. The unit&#39;s contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoFi Stock Climbs Nearly 17% After Record Q3 Revenue, Adjusted EBITDA\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-01 21:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies</a> stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.<img src=\"https://static.tigerbbs.com/79f0b707882891245ae9e5394127b35e\" tg-width=\"822\" tg-height=\"718\" width=\"100%\" height=\"auto\"/>The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.</p><p>&#34;Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,&#34; said CEO Anthony Noto.</p><p>&#34;Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,&#34; he said.</p><p>Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.</p><p>Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.</p><p>Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.</p><p>The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.</p><p>Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.</p><p>Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.</p><p>Financial services net revenue of $49.0M jumped more than three-fold. The unit&#39;s contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169533276","content_text":"SoFi Technologies stock surged 16.8% in Tuesday morning trading after the app for borrowing, saving, spending and investing money posted record adjusted net revenue and adjusted EBITDA for its third quarter and boosted its guidance for the year.The fintech company increased its full-year adjusted net revenue guidance to $1.517B-$1.522B vs. $1.50B consensus; from $1.508B-$1.513B. Guidance for adjusted EBITDA is revised to $115M-$120M, vs. $105M Visible Alpha consensus, from $104M-$109M.\"Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419M and record adjusted EBITDA of over $44M,\" said CEO Anthony Noto.\"Our bank charter is enabling new flexibility that has proven even more valuable in light of the current macro environment, and the economic benefits are already starting to materialize and positively impact our operating and financial results,\" he said.Q3 adjusted net revenue of $419.3M, topping the average analyst estimate of $391.8M, rose from $356.1M in Q2 and from $277.2M in Q3 2021.Q3 GAAP EPS of -0.09$ vs. -$0.10 consensus, -$0.12 in Q2 and -$0.05 in the year-ago quarter.Q3 adjusted EBITDA of $44.3M vs. $30.5M Visible Alpha consensus, $20.3M in the prior quarter and $10.3M in the year-ago quarter.The company added almost 424K new members in the quarter vs. 450K new members in Q2, bringing its total member to 4.7M.Lending segment adjusted net revenue of $297.0M rose 38% Y/Y, as higher loan balances and net interest margin expansion drove growth in net interest income. Record personal loan originations and sales execution drove growth in noninterest income.Technology Platform net revenue of $84.8M increased 69% Y/Y, including record Galileo revenue, which rose 29% Y/Y.Financial services net revenue of $49.0M jumped more than three-fold. The unit's contribution loss of $52.6M widened from the year-ago loss of $39.5M, due to its credit card business, where SoFi (SOFI) is building current expected credit loss reserves.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104613877,"gmtCreate":1667316009854,"gmtModify":1667316023280,"authorId":3577529300728738,"author":{"id":3577529300728738,"idStr":"3577529300728738","authorId":3577529300728738,"name":"Jennifer58","avatar":"https://static.tigerbbs.com/9a014efda004b6cc112e5d7968adf52f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9985394826,"type":1,"supId":0,"prevId":0,"content":"<u>Haha</u>","text":"<u>Haha</u>","html":"<u>Haha</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":40,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}