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Payoneer (PAYO)
NASDAQ:PAYO
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 10, 2021
|% Change Since: 27.00%
|Next Earnings Date:Aug 11, 2021
Earnings Call Sentiment|Positive
The earnings call for Payoneer highlighted strong growth and profitability in Q3 2024, with significant increases in revenue, B2B performance, and ARPU. The company raised its 2024 guidance, reflecting confidence in its strategy and execution. However, there is an expected deceleration in Q4 revenue growth and higher transaction costs, alongside sensitivity to declining interest income in 2025. Despite these challenges, the positive aspects of the call outweigh the negative, suggesting strong operational momentum.Company Guidance
During Payoneer's Q3 2024 earnings call, the company provided robust guidance for the remainder of the year, highlighting a revenue expectation between $950 million and $960 million, with revenue excluding interest income projected at $700 million to $710 million. This represents a growth of approximately 17% at the midpoint, more than tripling the growth rate of 2023. The company reported a record quarterly volume increase of 25% and revenue growth of 24% excluding interest income. Adjusted EBITDA reached $69 million with a 28% margin, underscoring operational discipline, and net income rose to $42 million from $13 million a year earlier. The B2B segment saw a significant 57% volume growth, driving the business forward with B2B now representing nearly a quarter of Q3 revenue. Looking ahead, Payoneer aims for mid-teens growth in 2025, with plans to mitigate interest rate volatility through strategic management of customer funds and balanced growth.Record-Breaking Revenue and Growth
Payoneer delivered a record-breaking quarter in both volume and revenue. Total revenue grew by 19%, with a 24% increase when excluding interest income, highlighting accelerating momentum versus the first half of the year.
Strong B2B Performance
B2B volume grew by 57% in Q3, contributing to 44% growth in the first 3 quarters of 2024. B2B represents nearly 1/4 of Q3 revenue and contributed to over 40% of the year-over-year growth in revenue, excluding interest income.
Increased ARPU and Customer Base
ARPU, excluding interest income, increased by 20%. ICP growth increased for the fourth consecutive quarter, up 11% with strength in APAC, LatAm, and China.
Improved Profitability
Adjusted EBITDA reached $69 million with a 28% margin. Net income was $42 million compared to $13 million in Q3 of last year.
Raised 2024 Guidance
Guidance for both revenue and adjusted EBITDA was increased by $30 million, with anticipated full-year revenues between $950 million and $960 million.
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PAYO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PAYO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $8.52 | $10.30 | +20.89% |
| Aug 07, 2024 | $5.25 | $6.47 | +23.24% |
| May 08, 2024 | $5.22 | $5.88 | +12.64% |
| Feb 28, 2024 | $5.56 | $4.47 | -19.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Payoneer (PAYO) report earnings?
Payoneer (PAYO) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Payoneer (PAYO) earnings time?
Payoneer (PAYO) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PAYO EPS forecast?
PAYO EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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