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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