Payoneer Q1 2023 Earnings Report
Key Takeaways
Payoneer reported a 40% year-over-year revenue increase in Q1 2023, reaching $192 million. Net income was $7.9 million, and adjusted EBITDA grew significantly to $38.8 million. The company is focused on acquiring customers who meet their Ideal Customer Profiles (ICPs) and has raised its 2023 guidance.
Revenue increased by 40% year-over-year, reaching $192 million.
Active Ideal Customer Profiles (ICPs) grew by 9% year-over-year.
Net income was $7.9 million, a decrease of 61% year-over-year.
Adjusted EBITDA increased by 273% year-over-year to $38.8 million.
Payoneer
Payoneer
Payoneer Revenue by Geographic Location
Forward Guidance
Payoneer is raising its full year 2023 guidance, reflecting strong first quarter results and $200 million of interest income revenue for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income