SoFi Technologies GAAP EPS of -$0.09 beats by $0.01, revenue of $424M beats by $32.22M, raises FY2022 revenue outlook
https://seekingalpha.com/pr/18998872-sofi-technologies-inc-reports-third-quarter-2022-results
- Record GAAP and Adjusted Net Revenue for Third Quarter 2022
- GAAP Net Revenue of $424 Million Up 56%; $419 Million Adjusted Net Revenue Up 51% Year-over-Year
- Record Adjusted EBITDA of $44 Million Up 332% Year-over-Year and Up 118% Sequentially
- New Member Adds of Nearly 424,000; Quarter-End Total Members Up 61% Year-over-Year to Over 4.7 Million
- New Product Adds of Over 635,000; Quarter-End Total Products Up 69% Year-over-Year to Nearly 7.2 Million
- Management Raises Full-Year 2022 Guidance
