XX%, streams. tax of combined year net excluding And on share marketplace year Tom to give a am year, me and onetime another volume, revenue, of and the I Sameer. demonstrating of power shortly, revenue XX% pleased exceeding our quadrupled and report year. all a Revenue details our highlights. income, but you over portfolio Good will everyone. benefit afternoon, guidance. outpacing originations Thanks, loan earnings few quarter the let grew our record growth
with environment shifting. our model business as are the hawkish which battle last In are for half, first we risks. full-year. results we has we we pleased implications but bank the with fed for reiterating become to in have be we is confident the is marketplace macro We're changes, the The with for opportunities, the well digital overall. guidance more our very the prudent Our that proving noted of see to resilient their face and to capitalize and in these respect while positioned inflation, mindful economy growth company quality remaining when and has quarter, our
pandemic borrower efficiency. levels, demand demand, marketplace investor card pre This credit talk now marketing we're and of volume terms loans. while by Accordingly, about borrower XX% rising. simultaneously grew performance, let reporter in across increasing So, strong what credit rates driving demand? seeing and our the back me card we is Credit above what expect are we loan personal of are for order and balances
We highlight remain expect come pages Switching borrower in to our in which QX and XX. in XX seasonality. strong to on presentation down due we credit, demand typical and to QX
recent most currently pre our levels absolute are the relative pandemic and XXXX than half vintages, those back well perform season of are an to loans both better expectations basis. very performing averages. on and Our below delinquencies above including industry with And from continuing
on we proven time more a cycles. through are resilient be As economic focused reminder, primarily borrowers who've to
X.XX. of positive base. of in our element is income average an has selection consumer XXX,XXX We an a there further core of believe and Our FICO score member
debt. out conscious made their have they higher by position cost a of As financial to strengthen decision refinancing
and rising our lot who loan to allocation less be investors of credit to time loan is foundation, Continued with as spent strategy, performance our about talk to we in Last an quarter, we exposed important move investor deliberately demand. would discussing decision strong marketplace partner rates. a
remind of evidence announced the pressure Our That record is today movements just high another the our investment period on rate pace is requirements. rise. we through up success of community in strategy to interest yielded with entire in said, the one as increase the it of drives action. of go every that capital loan putting and rapid need the to of transition as volume QX like I'd cost rates corresponding
For their These certain curve, to funding based are increased the move meaning investors investors, costs. yield to fed expected costs on where cover more their will the forward is seeking go.
see onto the moves. eventually rate will cost the pass We move able to will their credit of borrowers be increases prime price who as
However, there movements. a is these price of lag timing between the
have to the gap we bridge so. and tools to need do we do So
to are borrowers. coupons the First
in price We a are credit made we series and implementing sure yields half near continue returns. asset already, increase we're through where prime so to increases up of the do adjustments, returns the while drive we to the year. back making of especially investors, leveraging testing segments, second to to tool plan and expected returning up borrower A credit We've price to quality. is demand to lower increased continuously investor points trim strong drive to maintain
be optimize moderate loan as to match can volume we changes price at credit, we loan expect coupon make auction using the platform the and proprietary So yield clearing LCX our to consistently we'll and to investor read deliver. demand
loan any we're loan environment. this of And experience that most the provider in returns. using delivering personal investor have expertise We in
we're sense So this managing you of how should marketplace. our a give
a we're Let bit me our how managing business. about little talk
total the are As a roughly variable nature expenses reminder, largest with being one. in XX% marketing of our
of customers and expense X member to deliver on volumes, performance than is who acquisition cost. more marketing and new come stronger Furthermore, spend of correlated have members conditions. based levels origination credit market Our adjust to allowing we million lower at a loyal advantage us than large the strongly base a
back half the As base. spend of our of marketing from marketplace existing will we the in coming the evaluate total volume demand our we calibrate year, percentage and member
we prudent delivering our the our delivering hiring to until we to of roadmap, it's continue will committed which committed of in from terms area is increase our our where are HFI of we to the environment. invest we moderating is amount we there. adjust We growing generated better expenses, to have view get of important, to strategic In at balance remain fixed want our to One rate recurring portfolio. This but believe revenue long-term sheet. continue the pace as a
impacts quarter understand that earnings, long-term. revenue is this the we our it and decision in While right the business for
and funding control share. and control leverage the we of seize In we have few can low we bear deposit best capitalized pure the We funding market a and our a flywheel using can to can business recurring predict more of self-reinforcing FinTech model while investment advantages the we control. to our we in leaning about and are quarters. to of leveraging market, towards advantages macro In a for our worlds enhanced drive environment, talking on cost And been economy, transform bank what and the we more not both our resiliency lean bank can for are the stability tools a loans market, of the or And bull credit to model, conservative today's profitability. on revenue. hold being of drive set
results. carry analogy, the we planning come out corner, capture lean ready market we'll advantage, their bold digital for share. out use we our experience of bank retaining improves, a multi-year and to team earnings new will are the thank an of to into momentum I'd for are up but continued a the and great it, helping these into our dialing be shareholders. members growth generation, FinTech our economy us heading to scale first revenue Clubbers multi-product reducing Lending our speed next for marketplace that strong accelerating we ambitions, our as and deliver on to create to for banking drive like the To As dedication deliver and
Tom over for his turn me let comments. Now to