Welcome to our dedicated page for Pagaya Technologies Ltd. news (Ticker: PGY), a resource for investors and traders seeking the latest updates and insights on Pagaya Technologies Ltd. stock.
Pagaya Technologies Ltd (PGY) is a fintech innovator leveraging machine learning to transform credit analysis and lending infrastructure. This dedicated news hub provides investors and industry professionals with essential updates on PGY's AI-driven solutions, strategic partnerships, and market developments.
Access real-time announcements including quarterly earnings, product innovations, and leadership changes. Our curated collection ensures you stay informed about PGY's API integrations, risk management advancements, and contributions to the evolving credit ecosystem.
Key updates across multiple categories: financial results, technology patents, regulatory compliance milestones, and partnership expansions with financial institutions. Bookmark this page for streamlined access to PGY's latest machine learning applications in credit decisioning and data-driven lending solutions.
Pagaya Technologies (NASDAQ: PGY) is set to announce its first quarter 2023 earnings on May 16, 2023. A conference call will take place on the same day at 8:30 a.m. ET. Investors can find registration details and dial-in information on Pagaya's IR website. Pagaya, a global technology company, utilizes machine learning and an extensive data network to offer innovative financial services and products, particularly in consumer credit and residential real estate. The company aims to provide greater access to financial services through its advanced API and capital solutions, greatly enhancing user experiences across its partner network.
Pagaya Technologies LTD. (NASDAQ: PGY) announced a $75 million investment from Oak HC/FT in convertible perpetual preferred securities. The conversion price of $1.25 represents a 36% premium over the closing price as of April 19, 2023. This funding aims to bolster Pagaya's growth and enable strategic acquisitions, enhancing its AI-driven financial services platform. The company also reported strong performance in Q1 2023, expecting to meet or surpass guidance for Network Volume, Revenue, and Adjusted EBITDA. Year-to-date, Pagaya raised approximately $2.0 billion in asset-backed securitizations. CEO Gal Krubiner emphasized the importance of pursuing M&A opportunities in the current market to drive long-term value.
Pagaya Technologies Ltd. (NASDAQ: PGY) reinforces its partnership with GIC, a leading global institutional investor, extending their funding agreement for an additional three years. This strategic collaboration aims to enhance Pagaya's ability to provide AI-driven financial solutions. GIC has also increased its stake in Pagaya to approximately 9% of its Class A shares as of March 31, 2023. The partnership underscores GIC's confidence in Pagaya's innovative business model, particularly in a challenging market environment. Pagaya leverages advanced AI and analytics to offer comprehensive consumer credit and real estate solutions, positioning itself for long-term value creation for its investors.
Pagaya Technologies Ltd. (NASDAQ: PGY), a global AI-driven technology company, announced that its management team will participate in the Wolfe FinTech Forum on March 14, 2023, in New York, NY. The company focuses on delivering innovative financial products and services, utilizing machine learning and a sophisticated AI infrastructure to enhance consumer credit and residential real estate solutions. Pagaya's approach integrates with its partners to offer seamless experiences, catering to a broader audience across the financial ecosystem. For more information, visit pagaya.com.
Pagaya Technologies Ltd. (NASDAQ: PGY) reported strong financial performance for FY2022, with network volume rising 49% year-over-year to $7.3 billion and total revenue increasing 58% to $749 million, surpassing guidance. Despite a net loss of $302.3 million for the year, driven by significant share-based compensation, the adjusted net loss was $32.7 million. The fourth quarter saw a network volume growth of 10% and total revenue up 25%. Looking ahead, Pagaya projects 2023 network volume between $7.5 billion and $8.0 billion, with expected total revenue ranging from $775 million to $825 million.
Pagaya Technologies (NASDAQ: PGY) will release its fourth quarter 2022 earnings on February 15, 2022, before the market opens. A conference call will follow at 8:30 a.m. ET to discuss the results. Interested parties can register for the live webcast on Pagaya’s investor relations website, where a replay and supporting materials will also be available post-event. Pagaya leverages machine learning to provide financial products and services, enhancing access to consumer credit and real estate solutions.
Pagaya Technologies Ltd. (NASDAQ: PGY) has announced its first acquisition of Darwin Homes, Inc., a leading proptech platform. This strategic move enhances Pagaya’s SFR (Single-Family Rental) offerings through an integrated, data-rich platform aimed at improving user experiences for residents and investors. Co-founders of Darwin, who previously worked at DoorDash, will continue to lead the merged entity. The acquisition positions Pagaya as a tech-forward player in the industry, promoting a sophisticated ecosystem for real estate investment.
Pagaya Technologies Ltd. (NASDAQ: PGY) announced its participation in several key conferences in December 2022. The lineup includes the Wedbush Disruptive Finance Conference on December 2 (virtual), the NASDAQ 47th Investor Conference and UBS Global TMT Conference on December 6 (in London and New York respectively), and the Citi FinTech Spotlight Series on December 9 (virtual). Pagaya leverages AI and machine learning to enhance financial products and services, aiming to reshape the financial ecosystem.
Pagaya Technologies Ltd. (NASDAQ: PGY) reported a 26% year-over-year increase in Network Volume to $1.9 billion for Q3 2022, driving total revenue growth of 49% to $204 million, marking the highest quarterly revenue in its history. However, the company incurred a net loss of $74.8 million, primarily due to share-based compensation. Adjusted EBITDA was negative at $5.2 million, influenced by market volatility and ongoing investments. Despite challenges, Pagaya raised over $2 billion in investor capital and forecasts FY22 Network Volume between $7.2 billion and $7.8 billion.
