SoFi CEO Noto Sees Profitability By Q4 of 2023

SoFi CEO Noto Sees Profitability By Q4 of 2023

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Business

University

Hard

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The transcript discusses a company's financial achievements, including surpassing non-interest revenue expectations and achieving seven consecutive quarters of record revenue growth. The company projects continued growth into 2023, aiming for $1.9 to $2 billion in revenue and achieving GAAP profitability by Q4 2023. Additionally, the company reached a significant milestone with an EBITDA of $70 million, matching its stock-based compensation, marking progress towards profitability.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the EBITDA reported for the quarter, and how does it compare to the previous year?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What critical milestone related to stock-based compensation was achieved?

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