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    Wen Hong

    Senior Equity Analyst at TD Cowen

    Wen Hong is a Senior Equity Analyst at TD Cowen, primarily focused on coverage within the consumer finance and rent-to-own space, with companies such as Upbound Group Inc. in his research portfolio. His track record includes active participation in earnings calls and providing targeted analysis, though publicly available performance metrics like success rates or rankings on platforms such as TipRanks are limited. Hong has built his career at TD Cowen, with current data indicating his analyst role since at least mid-2024 and no publicly reported experience at other major research firms. Professional credentials and securities licenses are not disclosed in research databases or industry registries, and additional achievements or recognition remain undisclosed in available sources.

    Wen Hong's questions to UPBOUND GROUP (UPBD) leadership

    Wen Hong's questions to UPBOUND GROUP (UPBD) leadership • Q2 2025

    Question

    Wen Hong questioned the decelerating trend in Bridget's cash advance volume and the strategy to reaccelerate growth. She also asked how the dynamics between Rent-A-Center's headwinds and Acima's growth affect the company's deleveraging timeline.

    Answer

    CEO & CFO Fahmi Karam emphasized that Bridget's growth is strong, pointing to nearly 40% revenue growth and 24% subscriber growth, with ARPU up over 12% YoY. On leverage, Karam highlighted strong year-to-date free cash flow ($117M vs. $34M prior year) and stated the goal is to reach the two-times target over the next couple of years, after first getting leverage down to pre-acquisition levels by year-end.

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