Pagaya Technologies Ltd. - PGY STOCK NEWS

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.

Pagaya Technologies Ltd. (NASDAQ: PGY), a global AI-driven technology firm, announced its participation in several upcoming conferences in November 2022. The conferences include the Citi Fintech Conference on November 14 in New York, the Stephens Annual Investment Conference on November 16 in Nashville, the JMP Financial Services and Real Estate Conference on November 17 in New York, and the Credit Suisse 26th Annual Technology Conference on November 28-29 in Scottsdale, AZ. Pagaya aims to reshape financial services through innovative AI solutions.

Pagaya Technologies (NASDAQ: PGY) plans to announce its third quarter 2022 earnings on November 10, 2022. A conference call will follow at 5:00 p.m. ET the same day, with registration details available on Pagaya's investor relations website. Pagaya, based in New York, Tel Aviv, and Boston, leverages machine learning to provide innovative financial products, improving access to consumer credit and real estate solutions.

Pagaya Technologies Ltd. (NASDAQ: PGY) has achieved its first AAA rating from Moody's and DBRS Morningstar for its single family rental securitization, Pagaya AI Technology in Housing Trust 2022-1 (PATH 2022-1). This milestone enhances Pagaya's positioning in the real estate market as the company expands its AI network. Pagaya has facilitated over $700 million in single family rental properties, acquiring and renovating over 2,800 homes across 20 U.S. markets. The securitization is backed by 846 properties managed by new partners Appreciate and RENU Management.

Pagaya Technologies Ltd. (NASDAQ: PGY) reported impressive financial results for Q2 2022, with a 79% increase in network volume to $1.9 billion and a 83% rise in total revenue to $181.5 million. Despite a net loss of $146.3 million, largely due to share-based compensation, adjusted EBITDA stood at $4.9 million. The company raised $1.8 billion in investor capital and partnered with a major U.S. bank, enhancing its growth outlook. For FY22, Pagaya anticipates network volume between $7.2 billion and $7.8 billion and total revenue of $700 million to $725 million.