Payoneer Global Sees FY24 Revenue $920M-$930M (Prior $895M-$905M) Vs $904.08M Est.; Transaction Costs ~16.5% Of Revenue (Prior ~17.5%); Adjusted EBITDA $225M-$235M (Prior $200M-$210M)
Portfolio Pulse from Benzinga Newsdesk
Payoneer Global has updated its FY24 guidance, projecting revenue between $920M and $930M, up from the prior estimate of $895M-$905M. Transaction costs are expected to be around 16.5% of revenue, down from the previous 17.5%. Adjusted EBITDA is forecasted to be between $225M and $235M, an increase from the prior $200M-$210M.
August 07, 2024 | 11:34 am
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Payoneer Global has raised its FY24 revenue guidance to $920M-$930M, up from the prior $895M-$905M. Transaction costs are expected to be lower at 16.5% of revenue, and adjusted EBITDA is forecasted to be higher at $225M-$235M.
The increase in revenue guidance and adjusted EBITDA, along with a decrease in transaction costs, indicates a stronger financial performance for Payoneer Global. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100