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EXHIBIT 99.1 PROG Holdings Reports First Quarter 2021 Results Progressive Leasing GMV of $ 510 million , up 10.4 % E - commerce 14.3 % of GMV , up from 1.9 % in Q1 2020 Consolidated Revenues of $ 721 million , up 7.9 % Diluted EPS of $ 1.16 ; Non - GAAP Diluted EPS $ 1.22 , up 197.6 % Consolidated earnings before taxes of $ 105.6 million ; Adjusted EBITDA of $ 118.1 million , up 88.7 % Company provides FY 2021 outlook ; Diluted GAAP EPS of $ 3.56 to $ 3.81 ; Diluted Non GAAP EPS of $ 3.80 to $ 4.05 SALT LAKE CITY , UT April 29 , 2021- PROG Holdings , Inc. ( NYSE : PRG ) , the fintech holding company for Progressive Leasing , a leading provider of in - store and e - commerce lease - to - own solutions , and Vive Financial , a provider of omnichannel second - look revolving credit solutions , announces financial results for the first quarter ended March 31 , 2021 . " Our first quarter results reflect the exceptional execution of our team and our point - of - sale retail partners in a challenging environment as we continue to add and scale partner relationships while increasing our e - commerce penetration , " said Steve Michaels , President and Chief Executive Officer of PROG Holdings . " The Progressive Leasing segment delivered record first quarter results in revenue , gross merchandise volume ( GMV ) , earnings before taxes , and adjusted EBITDA . Our portfolio performance exceeded our expectations as the continued financial strength of our consumer resulted in increased revenues and low write - offs in the period . We anticipate strong results for the remainder of 2021 , building on Progressive's 10.4 % GMV growth in the first quarter . ” Financial Highlights Consolidated revenues for the first quarter of 2021 were $ 721.0 million , an increase of 7.9 % from the same period in 2020. The increase was primarily driven by continued strong customer payment performance across both the Progressive Leasing and Vive Financial business segments , as well as elevated buyout activity in the period . Progressive Leasing's GMV