So really hard to find a company doing what we're able to do, and it's really driven by the diversification of our business across being a one-stop shop for your financial needs all on a mobile phone. And our profitability improved meaningfully at 55% sequentially to $7 million of positive EBITDA, bringing the full year to $143 million of positive EBITDA. That's actually faster than the growth rate in Q3. So we reported $443 million of revenue, up 58%. We've delivered seven consecutive record revenue quarters in a row, this fourth quarter being a very strong end to four record quarters in 2022 for an exceptional year. It's running at about 25% of what it was prior to March 2020. So since March 2020, our student loan refinancing business has declined meaningfully. And then subsequent to that, the president announced a forgiveness plan. One, a moratorium on federal student loan borrowers from having to pay their loans. How much of that do you attribute to what you've seen in the last quarter?ĪNTHONY NOTO: Well, what President Biden has announced, and President Trump before him, is two things. So I first want to start, obviously, it's been a bumper time ever since that announcement from President Biden. SoFi CEO Anthony Noto joins us now, alongside Yahoo Finance's own Brian Sozzi. Now, this comes as President Biden gears up to back his student debt relief program in court as the backlash continues. RACHELLE AKUFFO: SoFi is getting a boost today after reporting record adjusted net revenue for the fourth quarter and giving upbeat guidance for the year to come. SoFi CEO Anthony Noto joins Yahoo Finance Live to discuss fourth-quarter earnings, 2023 guidance, student loan trajectory, growing economic stress, and the outlook for borrowers.
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