Yiren Digital (YRD) has released an update.
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Yiren Digital reported a 13% year-over-year increase in total revenue for the third quarter of 2024, driven by solid performance in their financial services segment. Despite a decline in net income due to increased loan provisions, the company continues to invest in AI and digital capabilities to enhance operational efficiency. The strategic focus on quality growth and technological advancements positions Yiren Digital for long-term value creation in the financial services sector.
For further insights into YRD stock, check out TipRanks’ Stock Analysis page.
