Upstart Holdings Inc. reported its second-quarter fiscal 2025 earnings with revenue of $257.3 million, surpassing estimates of $225.4 million and marking a 159% year-over-year increase. However, adjusted earnings per share (EPS) were negative at -$0.17, below the estimated $0.24. The company originated 372,599 loans and projected third-quarter revenue of approximately $280 million, exceeding analyst expectations. Upstart’s full-year revenue guidance stands at about $1.055 billion. Meanwhile, Toast Inc. posted second-quarter revenue of $1.55 billion, beating estimates of $1.52 billion and reflecting a 25% year-over-year growth. Adjusted EPS was $0.13, below the estimated $0.22. Toast’s adjusted EBITDA reached $161 million, surpassing the $150 million estimate. The company reported annual recurring revenue (ARR) of $1.9 billion, up 31% year-over-year, gross payment volume (GPV) of $49.9 billion, a 23% increase, and total locations increased 24% to approximately 148,000. Gross profit rose 37% year-over-year to $392 million with a 25% gross margin. Toast’s third-quarter guidance includes adjusted subscription and fintech gross profit of $465 million to $475 million, up 23% to 26% year-over-year, and adjusted EBITDA between $140 million and $150 million. Match Group Inc. reported second-quarter revenue of $863.7 million, slightly above estimates of $853.4 million but down 1% year-over-year. Adjusted EPS was $0.49, in line with expectations. The number of payers decreased 5% to 14.1 million, while revenue per payer increased 5% to $20. Match Group’s third-quarter revenue guidance ranges from $910 million to $920 million, above the $889.8 million estimate.