SoFi Technologies turned in Q2 revenue that exceeded Wall Street expectations as personal loan originations climbed and the company attracted new members with good credit scores, boosting deposit levels at lower cost of funding, it said on Monday. The company known for refinancing student loans now expects 2023 adjusted net revenue of $1.974B-$2.034B vs. the $1.99B consensus and up from its prior range of $1.955B-$2.02B. It also raised its outlook for adjusted EBITDA to $333M-$343M from its prior guidance of $268M-$288M, vs. The consensus of $289M. Management expects SoFi will achieve quarterly GAAP net income profitability by Q4 2023, the same as its previous guidance. Q2 GAAP EPS of -$0.06, matched the consensus estimate, compared with -$0.05 in Q1 and -$0.12 in Q2 2022. Q2 adjusted EBITDA of $76.8M rose from $75.7M in the prior quarter and $20.3M a year ago.