earnings
confidence high
sentiment positive
materiality 0.75
Shift4 Payments Q3 2023: E2E volume +36% YoY, Adj. EBITDA +46% to $124.5M; raises FY23 guidance
Shift4 Payments, Inc.
- E2E payment volume $27.9B (+36% YoY); gross revenue $675.4M (+23%); net income $46.5M.
- Adjusted EBITDA $124.5M (+46% YoY), margin 51%; adjusted net income $69.5M ($0.82 diluted EPS).
- Raised FY2023 Adjusted EBITDA and Free Cash Flow guidance (specific figures not disclosed in letter).
- Closed Finaro acquisition (European expansion) and Appetize ($100M, 600+ venues) in Q4 2023.
- SkyTab installed over 23,000 systems; CEO exploring strategic alternatives to reduce distractions.