Reports Q4 revenue $748.9M, consensus $163.48M. "2022 was a record year for Pagaya," said CEO Gal Krubiner. "We reached over $7B in network volume and grew revenue by 58% to $749M, approximately 7 times our revenue in 2020. We delivered near break-even adjusted EBITDA while operating in the most challenging credit and rate environment in our company’s history. We went public, strengthened our management team, onboarded large strategic partners, including Visa, Klarna and a top 3 auto lender and elevated our SFR offering with our first acquisition. As we continue the momentum into 2023, we will remain focused on driving further expansion and monetization of our network and achieving sustainable profitability on an adjusted EBITDA basis."
Published first on TheFly
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