Pagaya Technologies rises on strong Q1 revenue forecast

Pagaya Technologies

13/02/2025 17:07

** Shares of fintech firm Pagaya Technologies  PGY.O  up 
23.60% at $14.57
    ** Company reports total revenue and other income of $275.7
mln for the fourth quarter, above analysts' estimates of $265.10
mln
    ** Expects Q1 total revenue and other income between $280
mln and $295 mln, above analysts' estimates of $279.2 mln
    ** Expects to be GAAP net income profitable in the second
quarter of 2025
    ** Forecasts FY25 total revenue and other income between
$1.15 bln and $1.28 bln
    ** PGY shares fell 43.90% in 2024

 (Reporting by Nithyashree R B)
 ((NithyashreeRB@thomsonreuters.com;))