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Dec 31, 2020
Shift4 Q4 2020 Earnings Report
Shift4's Q4 2020 earnings exceeded expectations, driven by strong growth in end-to-end payment volume and gross revenue.
Key Takeaways
Shift4 Payments reported strong Q4 2020 results, with significant increases in end-to-end payment volume and gross revenue less network fees. The company demonstrated resilience and growth despite the ongoing pandemic, driven by its innovative solutions and strategic partnerships.
End-to-end payment volume increased to $11.4 billion.
Gross revenue less network fees rose to $88.5 million.
Adjusted EBITDA reached $35.5 million.
The company provided positive forward guidance, anticipating continued growth and profitability.
Shift4
Shift4
Forward Guidance
Shift4 anticipates continued growth and profitability, driven by increasing payment volume and strategic initiatives. The company expects to maintain a strong financial position and capitalize on market opportunities.
Positive Outlook
- End-to-end payment volume between $12.4 billion and $12.7 billion
- Gross revenue less network fees between $95 million and $98 million
- Adjusted EBITDA between $37 million and $40 million
- Capital expenditures of approximately $10 million
- Depreciation and amortization of approximately $9 million
Challenges Ahead
- Continued impact of the COVID-19 pandemic on certain industries
- Potential fluctuations in payment volume due to economic conditions
- Increased competition in the payment processing market
- Risks associated with integrating acquired businesses
- Potential changes in regulatory requirements