Strong Financial Performance
Shift4 reported gross revenue less network fees of $589 million and adjusted EBITDA of $292 million, with year-over-year growth of 61% and 56%, respectively.
Significant Customer Wins
Shift4 secured notable contracts with Hyatt Vacation Club, the Cincinnati Bengals, Clemson University, and Hertz, showcasing expansion in various sectors.
Global Blue Acquisition Success
Global Blue contributed $156 million to gross revenue less network fees and $68 million to EBITDA, aligning with expectations despite challenges in Asia.
Expansion in International Markets
Shift4 expanded its presence in Australia and New Zealand, winning contracts with Accor hotels, indicating successful international growth.
New $1 Billion Stock Repurchase Program
Shift4's Board authorized a $1 billion stock buyback program, the largest in its history, reflecting confidence in future growth and current valuation.