Priority Technology Holdings Inc (PRTH) saw its stock plummet 5.55% in pre-market trading on Friday, as the company's fourth-quarter 2024 earnings and outlook failed to impress investors.
In its Q4 2024 earnings call, PRTH reported strong revenue growth of 14% year-over-year, reaching $227.1 million. However, the company's guidance for 2025 turned more cautious, with revenue growth projected to slow down to 10-14% and adjusted EBITDA growth of only 8-13%.
PRTH cited several factors that could weigh on its performance in 2025, including:
While PRTH management remained optimistic about the company's long-term prospects and its ability to drive industry-leading results, investors appeared to be disappointed by the more muted growth expectations for 2025, triggering the sell-off in the stock.
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