Anthony Noto
speaker
61 appearances
1 recordings
1 series
first heard Apr 2026
last heard 29 Apr
Anthony Noto’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Apr 2026 with 1.
Appearances
Yes, we had a record quarter, actually saw accelerating revenue growth to forty-one percent year-vear growth and reported over a billion dollars of revenue.
Um our view was we went into the year with a view that we'd have at least two rate cuts, and that was the one of the key assumptions to our outlook for revenue guidance.
Um and while we beat the quarter, um we're not raising full-year guidance because we now expect no rate cuts.
Um, and that will be a more difficult environment.
To operate in than if we had two rate cuts.
The business is performing incredibly well.
I'm not sure there are many companies that are generating over $1 billion of revenue with 41% growth year over year and 31% EBITDA margins.
We like to look at the rule of 40, which is revenue growth plus EBITDA margins.
And we've had more than a rule of 40 for 18 consecutive quarters, including this quarter, and we're still forecasting.
that.
Um but we saw no reason to raise guidance in this environment given the uncertainty um as it relates to markets and interest rates uh as well as global uh issues uh with the Middle East and the pressure on oil and inflation generally.
Yeah, I I think generally when you don't raise guidance, you give something uh you give people something to worry about.
So we had record personal loan originations, uh twelve point nine billion dollars, record student loan refinancing originations, and record home loans.
And in fact, our home loans business doubled year over year, as did our student loan refinancing business.
Um the loan platform business is one where we produce loans for other partners.
Um and that business was very strong.
Wasn't as strong as it was prior quarters because we we made the conscious decision to put more of the loans we originated on our balance sheet because we had capital to do it.
Those loans will produce cash flow over the next three years as opposed to the loan platform business where we just generate uh revenue in this quarter.
Um we're not seeing any issues with credit performance.
It's been quite strong.
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