Payoneer Q3 revenue misses expectations despite B2B strength

Overview

• U.S. cross-border payments platform's Q3 revenue grew 2% yr/yr but missed analyst expectations

• Adjusted EPS for Q3 was $0.04

• Company's B2B volume rose 59% yr/yr, driving overall volume growth

Outlook

• Company continues to target mid-2027 close for Nuvei merger

Result Drivers

• B2B VOLUME SURGE - Co said B2B volume rose 59% yr/yr, with growth across all major regions and larger customers, especially in China and EMEA

• HIGHER ARPU - Co reported 18% yr/yr growth in average revenue per user, marking the ninth straight quarter of 20%+ ARPU growth ex-interest

• CHECKOUT GROWTH - Checkout revenue climbed 60% yr/yr, contributing to overall revenue gains

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the business support services peer group is "buy."

• Wall Street's median 12-month price target for Payoneer Global Inc is $7.40, about 3.4% above its November 4 closing price of $7.16

• The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)