Pagaya Technologies Soars with Record Earnings

Pagaya Technologies, an AI-driven financial tech firm, reported record-breaking third-quarter earnings, surpassing analyst predictions by a significant margin. The companys adjusted earnings per share hit $1.02, compared to the expected $0.18, and revenue soared to $350.2 million, a 36% year-over-year increase. This impressive performance led to a 90 million dollar improvement in GAAP net income and nearly doubled adjusted earnings before interest, taxes, depreciation, and amortization to $107 million. Pagaya raised its full-year guidance for 2025, projecting total revenue between $1.3 billion and $1.325 billion and adjusted earnings before interest, taxes, depreciation, and amortization between $372 million and $382 million. Despite a slightly lower fourth-quarter forecast, investors focused on the strong current results and improved outlook for the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.