1Monยท

$UPST (+2.37%) | Upstart Q3 Earnings Highlights:


๐Ÿ”น Revenue: $162.1M (Est. $150.4M) ๐ŸŸข; UP +20% YoY

๐Ÿ”น Fee Revenue: $167.6M; UP +14% YoY

๐Ÿ”น Adjusted Loss per Share: -$0.06 (Est. -$0.14) ๐ŸŸข

๐Ÿ”น Contribution Profit: $102.4M (Est. $90.5M) ๐ŸŸข; UP +8.7% YoY

๐Ÿ”น Adjusted EBITDA: $1.41M (Est. -$5.59M) ๐ŸŸข


Transaction Metrics:

๐Ÿ”น Transaction Volume: $1.6B; UP +30% YoY

๐Ÿ”น Conversion Rate: 16.3% vs 9.5% YoY ๐ŸŸข


CEO Dave Girouard's Commentary:

๐Ÿ”ธ "Strong growth in lending volume and positive adjusted EBITDA signal our return to growth mode."


Outlook for Q4 2024:

๐Ÿ”น Revenue: ~$180M

๐Ÿ”น Adjusted EBITDA: ~$5M

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