Sofi Technologies reported earnings after Tuesday’s market close. Here are the highlights. What Happened SoFi reported fourth-quarter adjusted revenue of $279.88 million, up 54 percent year-over-year. The total beat a consensus estimate of $279.29 million, according to Benzinga Pro. The company reported a loss of 15 cents per share in the quarter, beating estimates by 2 cents. Adjusted EBITDA was $5 million in the quarter, the company’s sixth consecutive positive quarter. SoFi added 523,000 new members in the quarter and ended 2021 with around 3.5 million total SoFi members, up 87 percent year-over-year. The total was a record and came in around 500,000 ahead of the company’s original full-year goal. For the full fiscal year, SoFi had revenue of $1.01 billion, up 63 percent year-over-year. “We hit new highs across our key financial and operating metrics in the fourth quarter, finishing 2021 with record annual results,” said SoFi Technologies CEO …
SoFi Technologies Q4 Earnings Highlights: Record Revenue, Added Members, Bank Charter Update and Guidance
March 3, 2022
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