Chime Financial (CHYM) Surges 18% on Upbeat Outlook

Core Insights - Chime Financial Inc. (NASDAQ:CHYM) has seen a significant rally of 18.46% week-on-week, driven by an improved financial growth outlook for the full year despite mixed earnings in the previous quarter [1][2]. Financial Performance - The company now expects full-year revenues to be between $2.163 billion and $2.173 billion, an increase from previous estimates of $2.135 billion to $2.155 billion, reflecting a growth rate of 29% to 30% compared to the prior estimate of 28% to 29% [2]. - Adjusted EBITDA outlook has been raised to $113 million to $118 million from a previous range of $84 million to $94 million [2]. - For the fourth quarter, projected revenues are expected to be between $572 million and $582 million, indicating a year-on-year growth of 20% to 23% [3]. - Adjusted EBITDA for the fourth quarter is targeted at $43 million to $48 million [3]. - The company reported a 28.7% increase in revenues to $543 million from $422 million in the same period last year, primarily due to a 16% rise in payments revenue to $363 million [4]. Membership Growth - Chime Financial has grown its active members by 21% to 9.1 million, showcasing the strength of its business model and customer trust [4][5]. Management Commentary - CEO Chris Britt highlighted the company's outstanding quarter, exceeding guidance, expanding margins, and raising the full-year outlook, emphasizing the strength of their revenue and active member growth [5].