Wow
Incredible Earnings Results From 2 Undervalued Gems $PYPL and $SOFI
@MMMTWealth：
Here’s everything you need to know about the earnings reports: SOFI $SOFI Members New members grew by 643,000 in Q2 alone bring the total members to 8.8M. This was a 41% YoY growth rate. New members are the primary growth driver for the business so this was huge. Lending Revenue Lending revenue was light but this was completely expected as management have continuously outlined they are upping their lending at the moment despite the room in their capital ratios to do so. Tech Revenue The tech platform was good with total accounts up 23% YoY, however, revenue increased 8%. Financial Services Revenue The financial services division was the star of the show with revenues up 80%. For me, the high of the earnings report was the increase in guidance up to $2,465M and EPS up to $0.08 for the full year compared to $0.01-$0.02 in Q1.
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.
Like
Report
Login to post
No comments yet