$UPST (+1,38%) | Upstart Q3 Earnings Highlights:
๐น Revenue: $162.1M (Est. $150.4M) ๐ข; UP +20% YoY
๐น Fee Revenue: $167.6M; UP +14% YoY
๐น Adjusted Loss per Share: -$0.06 (Est. -$0.14) ๐ข
๐น Contribution Profit: $102.4M (Est. $90.5M) ๐ข; UP +8.7% YoY
๐น Adjusted EBITDA: $1.41M (Est. -$5.59M) ๐ข
Transaction Metrics:
๐น Transaction Volume: $1.6B; UP +30% YoY
๐น Conversion Rate: 16.3% vs 9.5% YoY ๐ข
CEO Dave Girouard's Commentary:
๐ธ "Strong growth in lending volume and positive adjusted EBITDA signal our return to growth mode."
Outlook for Q4 2024:
๐น Revenue: ~$180M
๐น Adjusted EBITDA: ~$5M