LendingClub Corp. expects to record fourth-quarter net revenue of $155 million to $160 million and a GAAP net loss of $6 million to $10 million, according to an investor presentation.
Its adjusted EBITDA is pegged to range from $16 million to $20 million.
The company's full-year estimates have been adjusted downward. Net revenue is now projected to be between $573 million and $578 million. In August, the estimate had been $585 million to $600 million. The net loss for 2017 is expected to hit $68 million to $72 million, instead of $61 million to $69 million.
Adjusted EBITDA for the year is projected to be between $42 million and $46 million, instead of between $50 million and $58 million.
For 2018, LendingClub expects a net loss of $38 million to $53 million on net revenue of $680 million to $705 million. 2018 EBITDA is estimated to be in the $75 million-to-$90 million range.