Upbound Group Exceeds Q3 Earnings and Revenue Estimates
Upbound Group (UPBD) reported third-quarter financial results that surpassed analyst expectations for both earnings per share and revenue. The company posted a non-GAAP EPS of $1.01, beating estimates by $0.10, while revenue reached $1.15 billion, exceeding projections by $30 million despite a slight year-over-year decline of 1.7%. A significant driver of growth was the Brigit product line, which saw revenue increase by 37% year-over-year to $79 million. This growth was supported by a 27% rise in paying users, totaling approximately 1.84 million. Despite these strong quarterly results, the company has narrowed its full-year outlook.
Tickers: $UPBD
Topics: earnings beat non-GAAP EPS revenue growth user growth