$UPST (-11,1 %) | 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