Western Union Q3 2024 Earnings Report
Key Takeaways
Western Union reported a 6% decrease in Q3 GAAP revenue to $1.04 billion, but adjusted revenue, excluding Iraq, increased by 1%. Branded Digital revenue grew by 8%, and Consumer Services revenue grew by 32%. GAAP EPS was $0.78, and adjusted EPS was $0.46.
Q3 GAAP revenue was $1.04 billion, a 6% decrease, while adjusted revenue, excluding Iraq, increased by 1%.
Branded Digital revenue grew by 8%, with transactions up 15%.
Consumer Services revenue grew by 32% due to new and expanded products.
GAAP EPS was $0.78, and adjusted EPS was $0.46.
Western Union
Western Union
Forward Guidance
The Company revised its GAAP operating margin and EPS outlook to include the impact related to redeployment program costs, Russia asset impairments and termination costs, and the IRS settlement. The Company reiterated its full year 2024 adjusted outlook based on performance. The outlook assumes no material changes in macroeconomic conditions.