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Sep 30, 2022
Payoneer Q3 2022 Earnings Report
Payoneer reported strong third quarter results with 30% revenue growth and raised full year 2022 revenue and adjusted EBITDA guidance.
Key Takeaways
Payoneer reported a strong third quarter, achieving 30% year-over-year revenue growth. The company's performance was driven by solid customer acquisition, adoption of High Value Services, and accelerating interest income revenue from customer funds.
30% year-over-year revenue growth in Q3 2022.
39% year-over-year revenue growth in emerging markets.
B2B AP/AR volumes represented 12% of total volume, up from 9% a year ago, with 39% year-over-year growth.
Take rate increased to 105 basis points, up from 90 basis points a year ago.
Forward Guidance
Payoneer raised its guidance for 2022, expecting revenue between $605 million and $615 million and adjusted EBITDA between $40 million and $43 million.
Positive Outlook
- Delivering strong results despite higher inflation.
- Delivering strong results despite slowing economic growth.
- Delivering strong results despite the war in Ukraine.
- Payoneer is trusted by customers.
- Payoneer benefits from rising interest rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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