In today's video I look at Social Capital Hedosophia Holdings VCorp (IPOE +0.00%), the SPAC that plans to merge with SoFi. I share my overall thoughts on its recent earnings and why investors should be bullish.
Three reasons to be bullish on SoFi
- SoFi sees strong growth in members and revenue. SoFi reported 110% year-over-year (YOY) member growth and 151% YOY revenue growth for the first quarter of 2021.
- Financial fundamentals are improving for SoFi. The first quarter of 2021 is Sofi's third consecutive quarter of positive EBITDA, thanks to margin improvements.
- For the fiscal year of 2021, SoFi expects a 58% YOY revenue growth and adjusted EBITDA margins of 3%, compared to 2020, which saw 38% revenue growth and unprofitable EBITDA margins.
Click the video below for my full thoughts.
*Stock Prices used were the midday prices of May 24, 2021. The video was published on May 24, 2021.
