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Jun 30, 2024
Paymentus Q2 2024 Earnings Report
Paymentus experienced record revenue, contribution profit, and adjusted EBITDA, driven by increased billers and transactions.
Key Takeaways
Paymentus reported an exceptional second quarter with a 32.6% year-over-year increase in revenue, a 28.3% increase in contribution profit, and a 58.6% increase in adjusted EBITDA. The company processed 140.4 million transactions, a 28.2% increase from the previous year.
Revenue reached a record $197.4 million, up 32.6% year-over-year.
Gross profit was $58.8 million, a 28.1% increase year-over-year.
Net income was $9.4 million, with GAAP earnings per share at $0.07.
Adjusted EBITDA was a record $22.5 million, representing a 29.5% adjusted EBITDA margin.
Forward Guidance
Paymentus provided financial guidance for the third quarter and full fiscal year 2024.
Positive Outlook
- Revenue is expected to be between $188 million and $193 million for Q3 2024.
- Revenue is expected to be between $770 million and $780 million for the full year 2024.
- Contribution Profit is expected to be between $71 million and $74 million for Q3 2024.
- Contribution Profit is expected to be between $293 million and $298 million for the full year 2024.
- Adjusted EBITDA is expected to be between $18 million and $20 million for Q3 2024.
Challenges Ahead
- Adjusted EBITDA is expected to be between $81 million and $85 million for the full year 2024.
- Guidance does not reconcile forward-looking guidance for non-GAAP measures.
- The determination of contribution is subject to variables outside Paymentus' control.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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