SoFi Technologies (SOFI) reported earnings on Thur 12 Aug 21 (a/h)

 

 

 SoFi Technologies reports Q2 (Jun) results, beats on revs; guides Q3 revs below two analyst estimate; reaffirms FY21 revs guidance

• Reports Q2 (Jun) loss of $0.48 per share, may not be comparable to the two analyst estimate of ($0.06); revenues rose 74.0% year/year to $237.2 mln vs the $218.6 mln two analyst estimate.
• Co issues downside guidance for Q3, sees Q3 revs of $245-$255 mln vs. $270.15 mln two analyst estimate, sees expected adjusted EBITDA of $(7) million to $3 million.
• Co reaffirms guidance for FY21, sees FY21 revs of $980 mln vs. $973.74 mln S&P Capital IQ Consensus, sees adjusted EBITDA of $27 million.