Payoneer Q1 revenue $192M (+40% YoY), raises FY guidance, authorizes $80M buyback

Payoneer Global Inc.

2023-Q1 EPS reported $0.02 revenue$192,014,000

Revenue $192.0M, up 40% YoY; net income $7.9M vs $20.2M prior year.
Adjusted EBITDA $38.8M, up 273% YoY; revenue less transaction costs $164.9M, +48%.
Raises FY2023 guidance: revenue $810-$820M, adjusted EBITDA $140-$150M.
Board authorizes $80M share repurchase program over 24 months.
Active Ideal Customer Profiles (ICPs) 491k, +9% YoY; take rate 122 bps, +28 bps.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Payoneer Global Inc. reported first quarter ended March 31, 2023 results: revenue $192.0, net income 7.9. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $192.0
Net income: 7.9
Guidance: raised
Result: reported results

Exact text from the filing

2023 Financial Highlights ($ in mm) 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 YoY Change Revenue $ 137.0 $ 148.2 $ 158.9 $ 183.6 $ 192.0 40% Transaction costs as a % of revenue 18.7% 17.7% 17.6% 16.6% 14.1% (460 bps) Revenue less transaction costs $ 111.4 $ 122.0 $ 130.9 $ 153.2

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Payoneer Global Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-008682

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