Why Sofi Stock Is Down After Great Earnings? PLTR Stock is heating up thanks to their AIP platform!

Hey guys, I am super excited to share with you some amazing news about SoFi Technologies! Their Q1 earnings report just came out and it was a complete success! They totally crushed the estimates on higher segment revenues, which means they are on track for even bigger things in the future! Their lending segment generated a revenue of $325 million, up 33% from last year, while financial services revenue more than tripled on a yearly basis to $81 million. And check this out, their technology division revenue grew 28% Y/Y to approximately $78 million! Adjusted EBITDA stood at $76 million at a 16% margin, exceeding their most recent view and their previous record quarter. But that's not all, they added 433,000 new members in the quarter, increasing their total members to approximately 5.7 million, and their deposits increased by $2.7 billion on a sequential basis to now exceed $10 billion! They are even raising their adjusted net revenue guidance for FY23 to the range of $1.955 billion to $2.02 billion! And now let's talk about Palantir AIP, their fourth newest platform! It's a complete game-changer for business results and revenue growth. With Palantir AIP, customers can access a wide range of tools and functionalities to help them make data-driven decisions, optimize processes, and improve overall business outcomes. And the best part is, users can harness the power of artificial intelligence without needing extensive technical expertise! This platform has the potential to revolutionize the way businesses leverage AI, delivering improved business results and outcomes for all Palantir customers. And the introduction of the platform is likely to increase the adoption of Palantir software, leading to several net new revenue opportunities for the company. I can't wait to see what the future holds for both SoFi Technologies and Palantir AIP!



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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.

SOURCES: https://seekingalpha.com/news/3962481-sofi-technologies-q1-earnings-beat-estimates-on-higher-segment-revenues-co-boosts-fy23-outlook

https://finance.yahoo.com/news/sofi-remains-optimistic-profitability-possible-112548669.html

https://finance.yahoo.com/news/sofi-technologies-inc-reports-first-110000725.html

https://seekingalpha.com/article/4597988-palantir-aip-game-changer-business-results-revenue-growth