PRA Group reports Q2 net loss of $3.8M; portfolio purchases up 41.7% YoY to $327.8M

PRA GROUP INC

2023-Q1 EPS reported -$1.60 revenue$364,706,000

Diluted EPS of $(0.10) vs $0.91 in Q2 2022; net loss of $3.8M.
Total portfolio revenue fell to $205.4M from $250.6M in prior year.
Cash collections were $419.3M, down 5.6% YoY; European core collections rose.
Portfolio acquisitions surged 41.7% to $327.8M, a Q2 record.
Debt to Adjusted EBITDA at 2.76x; available liquidity $332.5M after borrowing base.

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