$UPST (+3.32%) | Upstart Q3 Earnings Highlights:

🔹 Revenue: $162.1M (Est. $150.4M) 🟢; UP +20% YoY

🔹 Fee Revenue: $167.6M; UP +14% YoY

🔹 Adjusted Loss per Share: -$0.06 (Est. -$0.14) 🟢

🔹 Contribution Profit: $102.4M (Est. $90.5M) 🟢; UP +8.7% YoY

🔹 Adjusted EBITDA: $1.41M (Est. -$5.59M) 🟢

Transaction Metrics:

🔹 Transaction Volume: $1.6B; UP +30% YoY

🔹 Conversion Rate: 16.3% vs 9.5% YoY 🟢

CEO Dave Girouard's Commentary:

🔸 "Strong growth in lending volume and positive adjusted EBITDA signal our return to growth mode."

Outlook for Q4 2024:

🔹 Revenue: ~$180M

🔹 Adjusted EBITDA: ~$5M