Upstart (UPST) stock plummets 18% as significant outlook miss overshadows FQ4 results

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Upstart Announces Fourth Quarter and Full Year 2023 Results

February 13, 2024 4:05 PM EST

SAN MATEO, Calif.--(BUSINESS WIRE)-- Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its fourth quarter and fiscal year 2023 ended December 31, 2023. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com.

Despite the difficult lending environment, we delivered solid results to end the year, said Dave Girouard, CEO, Upstart. The numbers will show that weve actually... More