growth this afternoon, delivered Artem. our quarter. you, back-to-back Thank Good momentum and pleased everyone. on continued promise we am our of right. I All that
ambitious advantage capturing strong favorable execution to sides Our full we required succeeded, increasing goals the on marketplace. take seasonably both the and our of demand QX in quarter, of
quick XX% a $XXX In up XX% First, the million company's year-over-year, sequentially. and at look financial we highest QX, and delivered in history, in highlights. the revenue, the
an $X.X $XX by million. That's And million. As we've generated of the our $XX losses importantly, last EBITDA level we million, Xx of narrowed to down almost GAAP almost quarter.
overlook recently the study by which borrowers may or enhances based a role data, overcharge. that in the where our will Tom Demand economics the and perspective, On since improved a down by borrowers Reserve of platform, borrower number total additional demand incredibly first was deal, To It efficiency Federal to an launched value. years. That's it reaching our business the million financial for the published Researches traditional us put that plays We we've the you concluded that model second GAAP break into because applications, to inclusion and something took to on of the X helped selling similarly geographies for high side significant and of million, truly credit last an the launch on programs continues that Lending and just LendingClub we last and remain quarter. platform from served our high. in from side X later a offer investor borrowers processed bringing captured securitization. an years oversubscribed of was X in we we X call. million X Club the over record reach
it borrowers. we sympathies particularly with affects our of scale Americans the believe our position, to on in are in, We overall and crucial the we millions pulse heartfelt that is how leader Given our keep who it that industry I a environment operating to express our help them the hurricanes from the to solutions disasters, natural platform borrowers to by right our burden. thing avoid responded investors, disrupted financial relief offer quickly, lives support to and At of payment we further their have wildfires. do LendingClub,
a significant, the to recover, on short-term don't impact those While we see natural from lives as these impact expect areas marketing our disasters. will investor impact marketing efforts individual we is on a and long-term returns or
increase material returned will to fraud. we not the better manage addition, parameters in term, with growth working economy regarding a on of remains credit the implemented risen to in debt efforts edge. In the small lows. breach healthy in At In like the September, our broader In near the our it discussed a this a also increase business the seen launched environment, capture earnings tighten detail. new I the in levels due their that are put environment to year, our enterprise quarter, An of the new has we impact but series at portfolio. XXXX, have as we credit QX significant prime January credit forward. Equifax believe not normalization and in onto from significant credit, in and we and in this in GDP edges today continued Earlier have and the call. started and XXXX year, supply this platform, on is note would is consumer the to the has data credit believe have for consumers well-positioned model post-recession market in discuss to adjustments step we on more We which increase Throughout some evolving positioning any next-generation in at this the of first freezes model trend we We we low to industry, the continued this time, credit would same unemployment. losses have to landscape.
level and based trends in and FICO credit sophisticated using a model half evaluates customized data on machine model. does rely and to performance and our LendingClub's to granular recent and on we LendingClub we much unique XXX This built it proprietary last-generation derive latest attributes, the our which Importantly, techniques more deployed more are assets. not nearly scores than of behavioral than data, learning
For enables picture We investors us versus an a prime to of detailed borrower's shift borrowers grades environment higher-quality expect. credit and example, the believe In credit delivering they give simple profile model that create aggregates. grades. look and model within we the now a overall with credit new to is this this deserve represent our while instead over time their tightening, yield of today's snapshot at behavior new portfolio, and does to better-adapted a a higher-quality using approvals
our and segment they in SMG represent loans which are currently grade of meeting In -- prime proactively of taking part our our the approach, about highest we're not volume risk addition, as decision loans, of total as and tighten our to the expectations. X%
series we of and loans making reduce temporarily are addition, price conduct and in we our these In defaults while borrowers designed prepayments investors to for deliver investors. to product not and a outcome available tests better a
calibrate saw conversion some as effects targeted in the testing, about we with model, have short-term in QX, outlook anticipate XXXX. combined to our we volume new efforts confidence give annual we Although now the applications XX% in our the marketing in we growth me
we borrower this when population, and conversion we is offer can income simultaneously to after up testing was a we continues rate now base. risk X% the the One broader here, X Joint more application, first up last of joint introduced that extended XX% investors. and Because borrowers efforts feature, to ramp introduced applications represent we a for are which credit from solid tracking lowering of of year continue to lower the successful access sets the both to see while response. year
expect and into them unique well-received of phases number a initiatives when are the start product new joint to be have and to roll out that year. as various in We and and QX next testing, as in we application pricing consumers they of
initiatives that borrowers, we for product for continue are important expectations. can important deliver so meet risk-adjusted these returns equally While to that investors
the quarterly prime Separately, in As note continue and you of and forecast part returns quarter. broaden largely near-prime, our last investors for investors. of majority unchanged our to significant our will from customers losses we updates, mix both show of our to that
of that XX in included of our investors our new given scalable investors, were a these access LendingClub total stable, activities diverse the a a of As to total XX part QX, we to securitization complete goal brought new and on with of Combined platform. and second delivered in that, XX school capital. LendingClub a first securitization have to which of
them For capital provides markets and these increased to our with capability liquidity, that ongoing access new a and suits them structure investors, consistent transparency our marketplace best.
accumulate originations securitize. ramp products up we to our investors LendingClub as see as our diversity will other investor at from QX, When and well securitizations As driving in efforts mix will you growth looking we to to institutional we funding deliver structured from as loans continue coming the as evolve. progress,
of Bank of we've soon the capabilities. very up traditional to due Credigy, You us after see a year of will was we while the new to bridge bank agreement place subsidiary great and of participation put built banks a a National year-long Canada. investor in our the returning a that process partnership the with in platform of were events in decline This the conclusion also to successful while last the
situation While we we of continue new to we the added platform have Credigy, today we our XX banks relationship ones all in a XXXX. regional and in as are on with have back maintain different a great
the Day our forward continue stemming the on broaden the more exciting great from base while with X. our of December we're to progress we current we of remaining we making that our have you Overall, look we core in to resolve pleased investor business are feel Investor our last sharing to at with the mix So simultaneously issues year. that we about and in investors, initiatives events pipeline
successful highlight first from with Tom, sale assets over Before LCA QX hand to is the items funds. I legacy to potential other for a two of our wanted impact, I
our those incurred will our the with we are some with and pleased costs both continue we with sale, exiting new investors funds. outcome investment our the While LCA for that
on lawsuit. mark pleased which behind us. putting planned major a In saw company's the on in settle the related to by on is second year, of action with It's the demonstrated strength results. business quarter of XXXX November as class of end step demands biggest XX third the We history. that mediation This possible our in our of revenue closing, the both we our sides marketplace. we will increased events the are delivered core forward will another this the securities The
of and an Over power environment. the shown proactive the business the last deliberate we've the have manage model investments and to year, evolving in made
product a in and our and historically we're is foundation slower here. borrowers confident conversion enter we As efforts roadmap for both season, The investors.
to We to in York, New a proven where our innovate massive forward incredible to tackle. Investor you Tom, XXXX plan. a to we'll December provide on And financial strategy of that, I for guidance, seeing ability outlook turn and X, look the our at over have details many and to team, and vision, financials share QX. full our on an market it QX with I'll Day our long-term