<p>作者：汉娜·佩多尼</p>
<p>这家人工智能贷款公司在一个关键利润指标上表现不佳，但其首席执行官表示分析师可能错误建模了季节性趋势。</p>
<p>周二，Upstart 的股价在盘后交易中下跌超过 13%。</p>
<p>尽管 Upstart 看到人工智能带来的巨大机会，但投资者似乎更关注短期利润压力，管理层将其归因于时机问题，而非业务的结构性变化。</p>
<p>在公司发布第一季度财报后，Upstart（UPST）的股价在周二的延长交易中暴跌超过 13%。</p>
<p>这家公司利用人工智能来指导贷款决策，第一季度的收入为 3.08 亿美元，同比增长 44%，超出 FactSet 一致预期的 3.01 亿美元。但 Upstart 的利润数据让华尔街失望。</p>
<p>该公司报告的调整后息税折旧摊销前利润为 4050 万美元，低于去年同期的 4260 万美元。FactSet 追踪的分析师预计为 5700 万美元。</p>
<p>Upstart 报告第一季度净亏损 660 万美元，而去年同期亏损 240 万美元。华尔街预计净收入为 1800 万美元。</p>
<p>阅读更多：Palantir 发布最快的收入增长，同时指出 “AI 垃圾”</p>
<p>Upstart 首席执行官保罗·顾（Paul Gu）上周刚刚接任，他表示，业绩不佳可能是共识预期中的时机不匹配造成的。由于公司维持全年调整后 Ebitda 为 2.94 亿美元的预期，他认为分析师可能未能考虑到第一季度通常对个人贷款供应商来说较弱，因为那时人们会收到退税，降低了对贷款的需求。</p>
<p>“也许市场预期并没有完全考虑到正确的季节性因素，” 顾说。运营费用也起到了作用，但一切都在 “计划的预期范围内”。</p>
<p>管理层还维持了 2026 年全年收入约为 14 亿美元的指导，顾表示公司的收入核心驱动力是人工智能。</p>
<p>“每当人工智能变得更好时，我们就能转化更多的人，接触到更多的人，业务也会更大，” 他说。</p>
<p>他还表示，公司在本季度的住房、个人和汽车贷款领域看到了特别强劲的增长。</p>
<p>另见：GameStop 对 eBay 发起 560 亿美元的收购，但数学并不成立。</p>
<p>-汉娜·佩多尼</p>
<p>此内容由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
<p>（完）道琼斯新闻通讯</p>
<p>05-05-26 1733ET</p>

UPST

UPSX

<p>Upstart 的股票在盘后交易中下跌超过 13%，原因是第一季度的财报令人失望。尽管收入增长了 44%，达到 3.08 亿美元，但公司报告净亏损 660 万美元，未能达到华尔街预期的 1800 万美元净利润。首席执行官 Paul Gu 将利润不足归因于季节性趋势的潜在不匹配，并维持全年调整后 EBITDA 为 2.94 亿美元的预期。Upstart 继续在人工智能驱动的贷款领域看到增长机会，特别是在住房、个人和汽车贷款方面</p>

<p>By Hannah Pedone</p>
<div class="lb-trans"><p>作者：汉娜·佩多尼</p>
</div><p>The AI lending company comes up short on a key profit metric, but its CEO says that analysts may have mismodeled seasonal trends</p>
<div class="lb-trans"><p>这家人工智能贷款公司在一个关键利润指标上表现不佳，但其首席执行官表示分析师可能错误建模了季节性趋势。</p>
</div><p>Shares of Upstart fell over 13% in after-hours trading on Tuesday.</p>
<div class="lb-trans"><p>周二，Upstart 的股价在盘后交易中下跌超过 13%。</p>
</div><p>While Upstart sees big opportunities around artificial intelligence, investors seem focused on near-term profit pressures, which management attributed to timing matters rather than structural changes to the business.</p>
<div class="lb-trans"><p>尽管 Upstart 看到人工智能带来的巨大机会，但投资者似乎更关注短期利润压力，管理层将其归因于时机问题，而非业务的结构性变化。</p>
</div><p>Shares of Upstart (UPST) were diving over 13% in Tuesday's extended session after the company posted its earnings results for the first quarter.</p>
<div class="lb-trans"><p>在公司发布第一季度财报后，Upstart（UPST）的股价在周二的延长交易中暴跌超过 13%。</p>
</div><p>The company, which uses artificial intelligence to inform lending decisions, posted revenue of $308 million for the first quarter, up 44% from the prior-year quarter, and beating the FactSet consensus of $301 million. But Upstart's profit figures disappointed Wall Street.</p>
<div class="lb-trans"><p>这家公司利用人工智能来指导贷款决策，第一季度的收入为 3.08 亿美元，同比增长 44%，超出 FactSet 一致预期的 3.01 亿美元。但 Upstart 的利润数据让华尔街失望。</p>
</div><p>The company reported adjusted earnings before interest, taxes, depreciation and amortization of $40.5 million, down from $42.6 million in the prior-year quarter. Analysts tracked by FactSet were expecting $57 million.</p>
<div class="lb-trans"><p>该公司报告的调整后息税折旧摊销前利润为 4050 万美元，低于去年同期的 4260 万美元。FactSet 追踪的分析师预计为 5700 万美元。</p>
</div><p>Upstart reported a net loss of $6.6 million for the first quarter, compared to a loss of $2.4 million in the prior-year quarter. Wall Street was expecting net income of $18 million.</p>
<div class="lb-trans"><p>Upstart 报告第一季度净亏损 660 万美元，而去年同期亏损 240 万美元。华尔街预计净收入为 1800 万美元。</p>
</div><p>Read more: Palantir posts its fastest revenue growth ever while calling out 'AI slop'</p>
<div class="lb-trans"><p>阅读更多：Palantir 发布最快的收入增长，同时指出 “AI 垃圾”</p>
</div><p>Upstart CEO Paul Gu, who took over the position last week, said the shortfall could be the result of timing misalignments within consensus estimates. Since the company is maintaining its full-year outlook for $294 million in adjusted Ebitda, he thinks analysts may have failed to account for the fact that the first quarter tends to be weak for personal-loan vendors because that's when people get tax refunds, lowering their need for loans.</p>
<div class="lb-trans"><p>Upstart 首席执行官保罗·顾（Paul Gu）上周刚刚接任，他表示，业绩不佳可能是共识预期中的时机不匹配造成的。由于公司维持全年调整后 Ebitda 为 2.94 亿美元的预期，他认为分析师可能未能考虑到第一季度通常对个人贷款供应商来说较弱，因为那时人们会收到退税，降低了对贷款的需求。</p>
</div><p>&#34;Maybe market expectations didn't totally have the right seasonal factors baked in,&#34; Gu said. Operating expenses also played a role, but everything was &#34;within the expected envelope of the plan.&#34;</p>
<div class="lb-trans"><p>“也许市场预期并没有完全考虑到正确的季节性因素，” 顾说。运营费用也起到了作用，但一切都在 “计划的预期范围内”。</p>
</div><p>Management also maintained guidance for its full-year 2026 revenue of approximately $1.4 billion, and Gu said the core driver of the company's revenue has been artificial intelligence.</p>
<div class="lb-trans"><p>管理层还维持了 2026 年全年收入约为 14 亿美元的指导，顾表示公司的收入核心驱动力是人工智能。</p>
</div><p>&#34;Every time AI gets better, we convert more people, we can reach more people and the business is bigger,&#34; he said.</p>
<div class="lb-trans"><p>“每当人工智能变得更好时，我们就能转化更多的人，接触到更多的人，业务也会更大，” 他说。</p>
</div><p>He also said that the company saw especially strong growth in its home-, personal- and auto-loan segments during the quarter.</p>
<div class="lb-trans"><p>他还表示，公司在本季度的住房、个人和汽车贷款领域看到了特别强劲的增长。</p>
</div><p>See also: GameStop launches a $56 billion bid for eBay - but the math isn't working out</p>
<div class="lb-trans"><p>另见：GameStop 对 eBay 发起 560 亿美元的收购，但数学并不成立。</p>
</div><p>-Hannah Pedone</p>
<div class="lb-trans"><p>-汉娜·佩多尼</p>
</div><p>This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.</p>
<div class="lb-trans"><p>此内容由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻通讯</p>
</div><p>05-05-26 1733ET</p>
<div class="lb-trans"><p>05-05-26 1733ET</p>
</div>

Upstart 的股票在财报发布后遭遇重挫。以下是主要的抱怨