Investors bullish on the AI trend might be looking at this fintech enterprise. It seems like investors have rewarded any business with exposure to artificial intelligence (AI). This groundbreaking technology has become a hot topic, with many believing that it could truly revolutionize many industries. But to be clear, not all companies have benefited as much as some of the dominant tech titans have. Just look at Upstart (UPST -1.68%). The AI-powered lending platform's shares are up 92% since the start of 20 ...

martin-dm The stock of Upstart Holdings, Inc. (NASDAQ:UPST) tanked 6% after the fintech presented its financial results for the first quarter on May 7, 2024. Upstart Holdings with its AI lending focus has fallen on hard times lately as the central bank’s aggressive push to hike short-term interest rates ate into the company’s sales growth and resulted in the fintech reported substantial losses. In 1Q24, Upstart Holdings, however, returned to double-digit sales growth and with the central bank sooner expecte ...

For the quarter ended March 2024, Upstart Holdings, Inc. (UPST) reported revenue of $127.79 million, up 24.2% over the same period last year. EPS came in at -$0.31, compared to -$0.47 in the year-ago quarter. The reported revenue represents a surprise of +2.39% over the Zacks Consensus Estimate of $124.82 million. With the consensus EPS estimate being -$0.38, the EPS surprise was +18.42%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Upstart Holdings, Inc. (UPST) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to loss of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 18.42%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.11, delivering a surprise of 26.67%. Over the last four quarters, the company has ...

公司业绩 - Upstart是一家人工智能(AI)驱动的贷款平台，已经为300万客户提供了380亿美元的贷款，展示了巨大的增长空间[2] - Upstart在2024年第一季度财报电话会议上向投资者强调公司未来前景光明，强调了消费增长和个人收入率持平的趋势推动了对类似Upstart的贷款解决方案的需求[3] - 公司CEO表示，Upstart继续专注于提高效率和财务表现，同时负责任地进行长期投资，预计今年下半年将实现顺序增长，并在年底实现正的EBITDA，尽管当前季度的预测不及市场预期[5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 001-39797 Upstart Holdings, Inc. (Exact name of registrant as specified in its charter) ...

Q1 2024 Earnings May 7, 2024 Disclaimer This presentation contains “forward-looking” statements that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements, other than statements of historical fact contained in this presentation, including but not limited to, information or predictions concerning our future financial performance, including our financial outlook for Q2 2024 and the second half of 2024 under ...

Exhibit 99.1 Upstart Announces First Quarter 2024 Results SAN MATEO, Calif. – May 7, 2024 – Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its first quarter of fiscal year 2024 ended March 31, 2024. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com. “We continue to focus on improving our efficiency and fina ...

Upstart Holdings (UPST) is slated to report first-quarter 2024 results on May 7, after market close. For the first quarter, the company expects revenues of approximately $125 million. The Zacks Consensus Estimate is currently pegged at $124.8 million, suggesting growth of 21.3% year over year. The consensus mark for earnings is pegged at a loss of 38 cents per share, suggesting a significant improvement from the year-ago quarter’s loss of 47 cents. UPST’s earnings beat the Zacks Consensus Estimate in three ...

The AI-powered consumer lender looks to upend the industry, but its business continues to face headwinds. Upstart (UPST 2.76%) has taken shareholders for a roller coaster ride since going public in 2020. The company started with a bang, and the stock climbed to $355 per share at one point. However, high interest rates and low demand for its loans weighed on the company. Last year, things showed signs of turning around, but it continued to see slower demand for its loans compared to pandemic levels. Upstart' ...