SoFi Technologies (NASDAQ:SOFI) released its quarterly earnings that surpassed the predictions of Wall Street analysts. Additionally, the company raised its yearly guidance.

In the third quarter, SoFi disclosed a loss per share of $0.03, compared to the predicted loss of $0.08 per share by analysts. The revenue for the quarter stood at $537 million, marking a 27% rise year-over-year and beating the anticipated $511.13 million. The company also celebrated its highest-ever adjusted EBITDA, which amounted to $98 million, a surge of 121% compared to the previous year.

SoFi’s CEO, Anthony Noto, mentioned the company’s consistent growth, highlighting that they achieved their tenth straight quarter with record adjusted net revenue, totaling $531 million.

Furthermore, SoFi observed a record increase in new members, adding 717,000. This brought a 47% growth spurt, taking the total number of members to over 6.9 million. The company also reported a record addition of over 1 million new products.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

× ¿Cómo puedo ayudarte?