Payoneer Q4 2023 Earnings Report
Key Takeaways
Payoneer reported a strong fourth quarter and full year 2023, marked by 22% year-over-year revenue growth in Q4, reaching $224.3 million, and a net income of $27.0 million. The company's active Ideal Customer Profiles (ICPs) grew by 6% year-over-year, and transaction volume increased by 16% to $19.0 billion. Looking ahead, Payoneer provided revenue guidance for 2024 of $875 million to $885 million.
Revenue increased by 22% year-over-year to $224.3 million.
Net income reached $27.0 million, a significant improvement from the previous year.
Active Ideal Customer Profiles (ICPs) grew by 6% year-over-year.
Transaction volume increased by 16% year-over-year to $19.0 billion.
Payoneer
Payoneer
Forward Guidance
Payoneer provided revenue guidance for 2024 of $875 million to $885 million and Adjusted EBITDA of $185 million to $195 million
Positive Outlook
- Focus on acquiring and retaining active ICPs.
- Increasing customer adoption of multiple products and services.
- Driving growth in B2B.
- Driving growth in Merchant Services.
- Innovating and improving customer experience.