earnings
confidence high
sentiment positive
materiality 0.80
Payoneer Q3 revenue up 19% to $248M, net income $41.6M, raises 2024 guidance
Payoneer Global Inc.
2024-Q3 EPS reported
$0.27
revenue$715,977,000
- Revenue $248.3M (+19% YoY); revenue ex-interest income $183.1M (+24%); net income $41.6M (+224%).
- Record quarterly volume $20.4B (+25% YoY); B2B volume up 57% to $2.8B; Merchant Services volume up 142%.
- Active ICPs 557K (+11% YoY); $1.4B card spend (+41%); $21M share repurchases at $5.67.
- Raised FY 2024 guidance: revenue $950-960M, adjusted EBITDA $255-265M.
- Completed repurchase and redemption of all 25M outstanding public warrants for $21M.