Revenue and Income Exceed Expectations
Total revenue for Q3 was $215 million, up 12% year-over-year, exceeding the guidance range of $189 million to $197 million. Non-GAAP operating income was $41 million, above the $23 million to $27 million guidance range.
Strong Performance in Banking and Personal Loans
Banking revenues were up 96% year-over-year, and personal loans increased by 91% year-over-year, contributing significantly to overall revenue growth.
Operational Efficiency and Free Cash Flow
Improvements in operational efficiency resulted in margin expansion, with trailing 12-month adjusted free cash flow increasing to over $85 million.
Share Repurchases
Completed $19 million of share repurchases during the quarter, reflecting confidence in long-term prospects.