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Payoneer Global misses Q3 top and bottom line estimates; updates FY23 outlook
Nov. 08, 2023 7:36 AM ETPayoneer Global Inc. (PAYO)By: Meghavi Singh, SA News Editor
- Payoneer Global press release (NASDAQ:PAYO): Q3 GAAP EPS of $0.03 misses by $0.02.
- Revenue of $208.04M (+30.9% Y/Y) misses by $0.92M.
- Reiterates 2023 revenue guidance and raises adjusted EBITDA guidance
-
2023 guidance is as follows:
Revenue
$820 million – $830 million
vs. consensus of $829.43 million
Transaction costs
~14.5% of revenue
Adjusted EBITDA
$195 million to $205 million
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