SOFI - Why Personal Finance Company SoFi Technologies' Shares Are Trading Higher Today | Benzinga
SoFi Technologies Inc (NASDAQ: SOFI) shares are trading higher by around 6% after the company reported better-than-expected Q3 FY23 results and raised FY23 outlook.
Adjusted revenue increased 27% Y/Y to $530.7 million, beating the consensus of $512.1 million.
SoFi added over 717,000 new members in Q3, bringing its total member count to over 6.9 million (+47% Y/Y).
SoFi also added around 1.047 million new products in Q3, with a total count of over 10.4 million total products (+45% Y/Y) at the end of the quarter.
In the Financial Services segment, total products rose by 50% Y/Y ...