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Dec 31, 2023
Paymentus Q4 2023 Earnings Report
Paymentus reported strong Q4 2023 results, with revenue increasing by 24.7% year-over-year and adjusted EBITDA growing by 95.4%.
Key Takeaways
Paymentus reported Q4 2023 financial results exceeding expectations, driven by increased transactions. Revenue increased by 24.7%, contribution profit grew by 22.7%, and adjusted EBITDA rose by 95.4% year-over-year. The company ended the year with a strong backlog, positioning it for continued growth in 2024.
Revenue was $164.8 million, an increase of 24.7% year-over-year.
Gross profit was $49.5 million, an increase of 20.3% year-over-year.
Adjusted EBITDA was $19.9 million, representing a 30.0% adjusted EBITDA margin, an increase of 95.4% year-over-year.
The Company processed 124.8 million transactions, an increase of 28.4% from the prior year.
Paymentus
Paymentus
Forward Guidance
Paymentus provided financial guidance for the first quarter and full year 2024.
Positive Outlook
- Revenue is expected to be $170 million to $176 million for Q1 2024.
- Revenue is expected to be $720 million to $744 million for FY 2024.
- Contribution Profit is expected to be $64 million to $66 million for Q1 2024.
- Contribution Profit is expected to be $274 million to $288 million for FY 2024.
- Adjusted EBITDA is expected to be $15 million to $17 million for Q1 2024.
Challenges Ahead
- Adjusted EBITDA is expected to be $65 million to $75 million for FY 2024.