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Upstart beats market expectations for both Q3 revenue and net income

The Motley Fool +2 · ·by G4L

UPST
UPST Upstart Holdings Inc
$20.41 -8.27%
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  1. 1Upstart recorded Q3 revenue of $370.5 million, exceeding the consensus revenue estimate of $363.7 million.
  2. 2Upstart raised its annual fee revenue guidance from $1.3 billion to $1.32 billion.
  3. 3Upstart lowered its adjusted EBITDA guidance due to macroeconomic challenges.

So what's the key point?

Upstart recorded Q3 revenue of $370.5 million, which was higher than the consensus revenue estimate of $363.7 million.

Source The Motley Fool +2 · View original ↗

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