Lightspeed Commerce Inc. (LSPD) reported impressive second-quarter fiscal 2025 results, surpassing analyst estimates on revenue and earnings. The strong performance was driven by robust growth in the company's payments solutions, prompting Lightspeed to raise its full-year Adjusted EBITDA guidance.

For the quarter ended September 30, 2024, Lightspeed reported total revenue of $277.2 million, up 20% year-over-year, beating the consensus estimate of $274.08 million. Transaction-based revenue surged 33% to $183.8 million, fueled by the company's initiative to sell its point-of-sale (POS) and payments solutions as a unified platform. Subscription revenue increased 6% to $85.5 million.

Adjusted EPS came in at $0.13, exceeding the consensus estimate of $0.11. Adjusted EBITDA stood at $14.0 million, surpassing the company's outlook of $12 million. Lightspeed also reported positive Adjusted Free Cash Flow of $1.6 million, reflecting its efforts to expand payments adoption and control costs.

Encouraged by the strong performance, Lightspeed raised its Adjusted EBITDA outlook for fiscal 2025 to a minimum of $50 million from the previous guidance of at least $45 million. The company expects revenue growth of at least 20% for the full year.

Dax Dasilva, Founder and CEO, highlighted Lightspeed's milestone of exceeding $1 billion in trailing twelve-month revenue. He emphasized the company's competitive position, particularly in retail in North America and hospitality in Europe, driven by its differentiated product offerings.