Upstart Holdings (NASDAQ: UPST) Q1 earnings beat with $128M revenue, 24% YoY growth, and expects positive EBITDA by 2024.

Upstart Holdings (NASDAQ: UPST) reported Q1 earnings beat with revenue of $128M, up 24% YoY, and an adjusted loss of 31 cents per share, better than estimates. Upstart sees positive EBITDA by the end of 2024, with a Q2 revenue forecast of $125M, and anticipates a return to sequential growth in the second half of the year. The cloud-based AI lending platform originated 119,380 loans totaling $1.1B in Q4, up 13% YoY.

May 07, 2024
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