Burford Capital Q3 Results Disappoint, CEO Highlights Underlying Growth Amid Strong Business Activity

Burford Capital reported Q3 revenues of $69.8 million, a significant decline from $249.11 million last year, and a net loss of $20.27 million, compared to a net income of $157.86 million in the same quarter of the previous year. Despite the disappointing financial results, the company experienced a 61% increase in third-quarter deployments and secured $637 million in new firm commitments, up 52% from the same period last year. CEO Chris Bogart expressed optimism about the firm's outlook, citing strong performance of its portfolio and growing interest in the YPF case.