Upstart is a company that makes money by lending people money when they need it. They recently shared their earnings report for the second quarter of 2024. Their revenue was $127.63 million, which is less than what they made in the same period last year. Their earnings per share (EPS) was -$0.17, which means they lost money for each share of their stock. This was worse than what analysts expected.

Some key numbers that show how well Upstart is doing are:

- Transaction volume: $1.11 million. This is the amount of money they helped people borrow or lend in the quarter. It was lower than what analysts expected.
- Revenue from fees, net: $130.53 million. This is the money they made from charging fees for their service. It was less than what analysts expected.
- Total interest income, interest expense, and fair value adjustments, net: -$2.90 million. This is the money they made or lost from interest on the loans they made and the money they borrowed. It was worse than what analysts expected.
- Revenue from fees, net- Platform and referral fees, net: $98.60 million. This is the money they made from their platform, which is the technology they use to connect borrowers and lenders. It was less than what analysts expected.
- Revenue from fees, net- Servicing and other fees, net: $31.94 million. This is the money they made from other services they offer, like collecting payments and providing customer support. It was less than what analysts expected.

Shares of Upstart have gone down about 1.5% in the past month. This means that the people who own the company's stock are not very happy with how it is performing. The stock has a Zacks Rank of #4, which means it might not do well in the near future. Read from source...

- The article title is misleading, suggesting a negative view on UPST's earnings
- The article uses outdated and inaccurate figures, such as revenue and EPS estimates for Q2 2024, instead of Q2 2023
- The article compares UPST's revenue and EPS to Zacks Consensus Estimates, which are not the same as Wall Street analysts' estimates
- The article focuses on individual metrics rather than the overall financial performance and outlook of the company
- The article does not provide any analysis, insight, or context for the reported metrics, leaving readers confused and uninformed
- The article includes a large unrelated image at the top, which slows down the loading time and distracts from the content