SoFi Technologies (SOFI) shares rally following earnings, revenue beat
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SoFi Technologies, Inc. Reports Third Quarter 2023 Results
October 30, 2023 7:00 AM EDTRecord GAAP and Adjusted Net Revenue for Third Quarter 2023
GAAP Net Revenue of $537 Million Up 27%; $531 Million Adjusted Net Revenue Up 27% Year-over-Year
Record Adjusted EBITDA of $98 Million Up 121% Year-over-Year
GAAP EPS Loss of $0.29; EPS Loss Excluding the Impact of Goodwill Impairment of $0.03
New Member Adds of Over 717,000; Quarter-End Total Members Up 47% Year-over-Year to Over 6.9 Million
New Product Adds of Nearly 1,047,000; Quarter-End Total Products Up 45% Year-over-Year to Over 10.4 Million
Total Deposit Growth of $2.9 Billion, Up 23%... More
