By Katherine Hamilton
Dave shares rose after its outlook and fourth-quarter earnings beat expectations.
The stock gained 8% to $103 after market close on Monday. It has more than quadrupled in value over the past year.
The Los Angeles lending company expects to make $415 million to $435 million in 2025 revenue, ahead of analysts' estimates of $407.7 million.
Revenue in the fourth quarter rose 38% to $100.9 million. Analysts polled by FactSet expected $95.2 million.
Adjusted earnings per share were $2.04, ahead of the 94 cents forecast by Wall Street.
"In mid-Q1 of 2025, we fully transitioned to our new fee structure which we expect to result in even greater ExtraCash limits, monetization, and member lifetime value going forward," Chief Executive Jason Wilk said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 03, 2025 18:33 ET (23:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。