Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Jamie Crawley is a CoinDesk news reporter based in London.

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Nasdaq-listed SoFi (SOFI), an online lending platform, said Tuesday that its third-quarter revenue rose 56% from the year-earlier quarter to $424 million.

The platform, which has a digital-asset trading subsidiary, also said in a filing with the U.S. Securities and Exchange Commission that its earnings before interest, taxes, depreciation and amortization (Ebitda) surged to $44.3 million in the quarter, more than quadruple the $10.3 million from a year earlier.

Membership rose 1.8 million from a year ago to 4.7 million. That included an increase of 424,000 in the last quarter.

Shares of SoFi rose 13% to $6.17 in premarket trading.



Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.