SoFi Technologies Expects To Generate $550M-$560M Of Q1 Adjusted Net Revenue; Est. $573.87M
Portfolio Pulse from Benzinga Newsdesk
SoFi Technologies forecasts Q1 adjusted net revenue of $550M-$560M, below the estimated $573.87M. The company also expects a 20% adjusted EBITDA margin, $110M-$120M in adjusted EBITDA, and GAAP net income of $10M-$20M for Q1.
January 29, 2024 | 12:09 pm
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SoFi Technologies expects Q1 adjusted net revenue to fall short of estimates, with a projected range of $550M-$560M compared to the expected $573.87M. The company also anticipates a 20% adjusted EBITDA margin and GAAP net income between $10M-$20M.
The projected revenue being lower than the market estimate is likely to be perceived negatively by investors, potentially leading to a short-term decline in SoFi's stock price. The company's expectation of a solid EBITDA margin and positive GAAP net income may mitigate some concerns, but the revenue miss is a significant factor.
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