SoFi Q3 2022 Earnings Review: the last lender standing
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This year SoFi faired better than other Fintech lenders. Thus, in Q3 2022, the company reported strong revenue growth and another quarter of record Adjusted EBITDA. Nevertheless, you can already see the signs of weakening revenue, which was confirmed by management’s guidance of flat revenue growth for the remainder of the year. During the past three years, SoFi has been growing despite strong headwinds (pandemic, student loan moratorium, turbulence in financial markets), so, perhaps, the company’s management will figure out how to continue growing in 2023 as well.
SoFi Q3 2022 Earnings Review: the last lender standing
SoFi Q3 2022 Earnings Review: the last lender…
SoFi Q3 2022 Earnings Review: the last lender standing
This year SoFi faired better than other Fintech lenders. Thus, in Q3 2022, the company reported strong revenue growth and another quarter of record Adjusted EBITDA. Nevertheless, you can already see the signs of weakening revenue, which was confirmed by management’s guidance of flat revenue growth for the remainder of the year. During the past three years, SoFi has been growing despite strong headwinds (pandemic, student loan moratorium, turbulence in financial markets), so, perhaps, the company’s management will figure out how to continue growing in 2023 as well.