Upstart Holdings $UPST (Upstart Holdings Inc) saw its stock surge over 22% following the release of better-than-expected Q2 results and strong Q3 guidance 📈
CEO Dave Girouard credited the improvements to AI advancements, a renewed funding supply, and enhanced operational efficiency
For Q3, Upstart forecasts $150M in revenue, surpassing the $135.3M consensus, and an adjusted EBITDA of -$5M, better than the -$9.3M reported in Q2 and the -$12.2M consensus from Visible Alpha. The company also expects to achieve positive EBITDA in Q4
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