YRD - Yiren Digital GAAP EPADS of $0.80 revenue of $182.6M; initiates Q3 guidance
2023-08-17 05:10:50 ET
- Yiren Digital press release ( NYSE: YRD ): Q2 GAAP EPADS of $0.80.
- Revenue of $182.6M, an increase of 65% Y/Y.
- Adjusted EBITDA in the second quarter of 2023 was $91.2 million.
- As of June 30, 2023, the delinquency rates for loans that are past due for 15-29 days, 30-59 days and 60-89 days were 0.7%, 1.1% and 1.1% respectively, compared to 0.6%, 1.2% and 1.2% respectively as of March 31, 2023.
- As of June 30, 2023, the cumulative M3+ net charge-off rates for loans originated in 2020, 2021 and 2022 were 8.0%, 6.6% and 3.9% respectively, as compared to 8.1%, 6.6% and 2.6% respectively as of March 31, 2023.
- Outlook: Based on the Company's preliminary assessment of business and market conditions, the Company projects the total revenue in the third quarter of 2023 to be between RMB0.9 billion to RMB1.1 billion, with net profit margin expected to remain stable.
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Yiren Digital GAAP EPADS of $0.80, revenue of $182.6M; initiates Q3 guidance