Stock Track | Upstart Soars Over 5% as Q4 Earnings Beat Expectations and Forecast Promising Growth

Stock Track

Feb 13, 2025

Upstart Holdings, Inc. (NASDAQ:UPST) saw its stock surge by 5.17% in Thursday's pre-market trading session, following the company's impressive fourth-quarter results and optimistic outlook for 2025 that bolstered investor confidence.

The AI-powered lending platform reported a narrower net loss of $2.8 million in Q4 2024, a staggering 93% improvement compared to the same period a year earlier. Furthermore, revenues climbed 56% year-over-year to $218 million, driven by strong growth across all product categories.

For the full year 2024, Upstart's net loss stood at $128 million, a 47% reduction from 2023, while revenues grew 24% to $636 million. The company's CEO, David Girouard, expressed optimism for the future, citing "unparalleled energy" and the mission of advancing AI lending capabilities.

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(NASDAQ:UPST) saw its stock surge by 5.17% in Thursday's pre-market trading session, following the company's impressive fourth-quarter results and optimistic outlook for 2025 that bolstered investor confidence.</p>\n\n<p>The AI-powered lending platform reported a narrower net loss of $2.8 million in Q4 2024, a staggering 93% improvement compared to the same period a year earlier. Furthermore, revenues climbed 56% year-over-year to $218 million, driven by strong growth across all product categories.</p>\n\n<p>For the full year 2024, Upstart's net loss stood at $128 million, a 47% reduction from 2023, while revenues grew 24% to $636 million. The company's CEO, David Girouard, expressed optimism for the future, citing \"unparalleled energy\" and the mission of advancing AI lending capabilities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UPST","symbol_name":"Upstart Holdings, Inc.","start_time":0,"source_url":"","article_id":"1174864013","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174864013","pubTimestamp":1739459978,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Upstart Holdings, Inc.  saw its stock surge by 5.17% in Thursday's pre-market trading session, following the company's impressive fourth-quarter results and optimistic outlook for 2025 that bolstered investor confidence.The AI-powered lending platform reported a narrower net loss of $2.8 million in Q4 2024, a staggering 93% improvement compared to the same period a year earlier. 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