Reports Q3 revenue $257.3M, consensus $253.2M.Network volume of $2.4 billion, in line with outlook of $2.3 billion to $2.5 billion, grew by 11% year-over-year. “We delivered another set of strong results, with a laser-focus on profitable, sustainable growth,” said Gal Krubiner, co-founder and CEO of Pagaya (PGY) Technologies. “With successful execution of our 2024 strategy, we are well on the way to reaching GAAP profitability and cash flow generation during 2025. We have built a franchise that we believe can deliver long-term value for our shareholders, lending and funding partners, and U.S. consumers.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PGY:
- PGY Earnings this Week: How Will it Perform?
- LendingClub, Pagaya partner to acquire Tally Technologies intellectual property
- LendingClub and Pagaya partner to acquire intellectual property from Tally
- 3 Best Stocks to Buy Now, 10/9/2024, According to Top Analysts
- Pagaya Technologies Optimizes Capital with Senior Notes Issuance