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Jun 30, 2022
Payoneer Q2 2022 Earnings Report
Payoneer experienced revenue growth and profitability.
Key Takeaways
Payoneer's Q2 2022 results showed strong revenue growth of 34% year-over-year, positive adjusted EBITDA, and an increase in full-year revenue and adjusted EBITDA guidance. The company's multi-year investments in a diverse and global business model across industries, products, and geographies drove the results.
Revenue grew 34% year-over-year.
Portfolio of emerging markets revenue grew 50% year-over-year.
B2B AP/AR volumes grew over 65% year-over-year and represented 12% of total volume.
Customer funds exceeded $5 billion for the first time as of June 30, 2022.
Payoneer
Payoneer
Forward Guidance
Payoneer raised its revenue guidance for the full year, reflecting its views on the evolving macro-economic and geopolitical environment, the diversity of geographies and industries served, and the strength of its operations. The company anticipates positive adjusted EBITDA for 2022 while investing in its long-term growth.
Positive Outlook
- Global breadth of business and diversity of revenue drivers.
- Good momentum heading into the second half of 2022.
- Traction in strategic investments.
- Improving outlook on business in Ukraine given the resilience of its people despite the ongoing war.
- Contribution from interest income in a rising rate environment.
Challenges Ahead
- Evolving broader macro-economic environment.
- Evolving broader geopolitical environment.
- Uncertainty ahead around inflation.
- Uncertainty ahead around economic growth.
- Uncertainty ahead around interest rate levels.