Riskified Expects FY23 Revenue Of $297M And $300M Vs $300.8M Estimate (Prior View: $298M-$303M), Sees No Further Worsening In Consumer Spending Patterns
Portfolio Pulse from Benzinga Newsdesk
Riskified has updated its FY23 revenue forecast to be between $297M and $300M, which is slightly below the previous estimate of $300.8M. The company's prior view was a range of $298M to $303M. Riskified also indicated that it does not anticipate any further deterioration in consumer spending patterns.
November 15, 2023 | 12:06 pm
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Riskified has slightly lowered its FY23 revenue outlook from the previous estimate, now expecting revenues to be between $297M and $300M, compared to the prior estimate of $300.8M. The company remains optimistic about consumer spending patterns.
The slight reduction in Riskified's revenue forecast could be perceived negatively by the market, as it suggests a potential slowdown in growth or sales. However, the company's expectation that consumer spending patterns will not worsen may provide some reassurance to investors. The impact is likely to be negative in the short term due to the reduced revenue forecast, but not severely so, as the adjustment is minor and the outlook on consumer spending is stable.
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IMPORTANCE 85
RELEVANCE 100