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Payoneer Q3 revenue misses expectations despite B2B strength

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$276.90 mln

$285.33 mln (9 Analysts)

Q3 EPS

$0.04

Q3 Net Income

$14.90 mln


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


Reuters Recommended Reads

  • Nov 3 - Marqeta Q3 revenue slightly beats estimates on volume growth

  • Nov 4 - Remitly Q3 revenue slightly beats estimates on send volume, active customer growth

  • Nov 4 - Western Union Q3 revenue misses estimates driven by North America retail slowdown


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.)

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