The provided context does not include Upstart’s Q2 2023 earnings summary. The earliest earnings call details in the context start from Q1 2024 onward.
Here’s what we know from the available context:
– Q1 2024: Upstart reported cost-cutting measures (e.g., reduced headcount, $20M annual savings) and efficiency improvements .
– Q2 2024: Expected revenue of $225M ($210M from fees, $15M net interest income), adjusted EBITDA of $37M, and a return to sequential growth .
– Q3 2024: 43% sequential growth in lending volume and positive adjusted EBITDA .
– Q4 2024: 33% sequential origination growth, 35% revenue growth, near-GAAP profitability .
– Full-Year 2024: Revenue reached $1.01B ($920M fees, $90M net interest income), with GAAP net income turning positive in H2 .
For Q2 2023, you would need to refer to external sources (e.g., Upstart’s investor relations archive or SEC filings). Let me know if you’d like details from the available quarters!