Paymentus Q1 2023 Earnings Report
Key Takeaways
Paymentus reported a strong first quarter in 2023, with revenue increasing by 27.1% year-over-year to $148.3 million and adjusted EBITDA increasing by 56.4% year-over-year. The company processed 108.5 million transactions, representing a 23.4% increase from the first quarter of 2022.
Revenue increased by 27.1% year-over-year, reaching $148.3 million.
Contribution profit increased by 13.0% year-over-year, amounting to $53.5 million.
Adjusted EBITDA increased by 56.4% year-over-year, reaching $8.4 million.
The company processed 108.5 million transactions, a 23.4% increase from the first quarter of 2022.
Paymentus
Paymentus
Forward Guidance
For the second quarter of 2023, Paymentus anticipates revenue between $142 million and $148 million, contribution profit between $54 million and $56 million, and adjusted EBITDA between $8 million and $9 million. For the full fiscal year 2023, the company projects revenue between $591 million and $606 million, contribution profit between $225 million and $237 million, and adjusted EBITDA between $34 million and $38.5 million.
Positive Outlook
- Revenue is expected to be between $142 million and $148 million for Q2 2023.
- Contribution Profit is expected to be between $54 million and $56 million for Q2 2023.
- Adjusted EBITDA is expected to be between $8 million and $9 million for Q2 2023.
- Revenue is expected to be between $591 million and $606 million for fiscal year 2023.
- Contribution Profit is expected to be between $225 million and $237 million for fiscal year 2023.