Earnings Call Summary | Pagaya Technologies(PGY.US) Q1 2024 Earnings Conference
Earnings Call Summary | Pagaya Technologies(PGY.US) Q1 2024 Earnings Conference
The following is a summary of the Pagaya Technologies Ltd. (PGY) Q1 2024 Earnings Call Transcript:
以下是Pagaya Technologies Ltd.（PGY）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Pagaya reported a record total revenue and other income of $245 million in Q1 2024, a 31% increase year-over-year.
The company achieved a network volume of $2.4 billion, 31% up from previous year.
Fee revenue less production costs reached a record $92 million, an 84% increase.
An increased adjusted EBITDA of $40 million was reported with a margin of 16.2%.
Pagaya managed a positive GAAP operating income of $8 million and a positive operating cash flow of $20 million.
Financial return per loan processed (FRLPC) ranges between 3% to 4%, with personal loans marking a historic high of 6%.
帕加亚报告称，2024年第一季度总收入和其他收入达到创纪录的2.45亿美元，同比增长31％。
该公司实现了24亿美元的网络量，比上年增长了31％。
费用收入减去生产成本达到创纪录的9200万美元，增长了84％。
报告称，调整后的息税折旧摊销前利润增加4,000万美元，利润率为16.2％。
Pagaya实现了800万美元的正GAAP营业收入和2000万美元的正运营现金流。
每笔贷款的财务回报率（FRLPC）在3％至4％之间，个人贷款创历史新高，为6％。
Business Progress:
业务进展：
The company added 18 new investors, expanded network to 30 lenders and 116 funding partners, and entered a strategic partnership with Elavon, a global payment company.
Executed enterprise bank sales strategy with three of the top country's banks and integrated Elavon, U.S. Bank's Merchant Services and Payment Solutions to their point-of-sale (POS) vertical.
Pagaya is in late-stage discussions with six large lenders across key verticals and looking to integrate three new POS providers or banks in upcoming months.
To reduce net risk retention, initiatives for diversifying funding and financing mechanisms are in place, including secure borrowing facilities, forward flow agreements, and whole loan sales.
Operation restructure into two distinct areas: growth and monetization for enhancing efficiency and profitability.
Despite market fluctuations, there is steady focus on sectors with higher unit economics like personal loans and high financial return per loan processed (FRLPC).
该公司增加了18名新投资者，将网络扩大到30家贷款机构和116名融资合作伙伴，并与全球支付公司Elavon建立了战略合作伙伴关系。
与顶级国家的三家银行执行了企业银行销售战略，并将美国银行的商户服务和支付解决方案Elavon整合到其销售点（POS）垂直领域。
Pagaya正在与主要垂直领域的六家大型贷款机构进行后期讨论，并希望在未来几个月内整合三家新的POS提供商或银行。
为了降低净风险留存率，已采取多元化融资和融资机制的举措，包括安全借贷便利、远期流动协议和全额贷款销售。
运营重组为两个不同的领域：增长和货币化，以提高效率和盈利能力。
尽管市场波动，但人们一直关注单位经济效益较高的行业，例如个人贷款和处理的每笔贷款的财务回报率高（FRLPC）。
More details: Pagaya Technologies IR
更多详情： Pagaya 科技 IR
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提示：本文由 AI 生成。无法完全保证内容的准确性。欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。