"SoFi Technologies Inc (SOFI) Surges on Strong Q4 Earnings and First-Ever Quarterly Profit"

SoFi Technologies Inc reported strong financial results for Q4 and fiscal year 2023, with GAAP net revenue reaching $615 million in Q4, up 35% year-over-year, and adjusted EBITDA hitting a record $181 million, a 159% increase year-over-year. The company also saw significant member and product growth, with over 7.5 million members and 11.1 million products. Management provided guidance for Q1 2024, expecting adjusted net revenue between $550 to $560 million and adjusted EBITDA between $110 to $120 million. The company's positive performance and outlook demonstrate its successful execution of its growth strategy and resilience in a challenging economic environment.