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Jun 30, 2021
Payoneer Q2 2021 Earnings Report
Reported strong revenue growth and raised full-year revenue guidance.
Key Takeaways
Payoneer reported strong Q2 2021 financial results with revenue well ahead of internal targets. The company raised its full-year revenue outlook and expects to generate positive adjusted EBITDA in 2021.
Delivered strong results in the first quarter as a public company.
Continued momentum with revenues well ahead of internal targets.
Raising the full-year revenue outlook.
Expect to generate positive adjusted EBITDA in 2021.
Forward Guidance
Payoneer is raising guidance for full year 2021 revenues to grow approximately 28%-30% over 2020, up from previous guidance of 25% growth. Expect positive adjusted EBITDA for full year 2021.
Positive Outlook
- Higher take rate expectations.
- Improved transaction costs performance.
- Aggressive investment in platform and products for future growth.
- Better-than-expected first half results.
- Expect positive adjusted EBITDA for full year 2021
Challenges Ahead
- Lower than expected volume growth.
- Reorganization related expenses
- M&A related expenses
- Stock-based compensation expenses
- Share in losses (gain) of associated company
Historical Earnings Impact
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Avg. Return Before/After Earnings
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