Payoneer Global Inc (NASDAQ:PAYO) reported fourth-quarter financial results Thursday. Here's a rundown of the report.
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Payoneer reported $1.5 billion of spending on Payoneer cards in the quarter, up 36% year-over-year. The company also reported record quarterly volume, up 18% to $22.5 billion. B2B volume grew by 37% to $3.0 billion.
Active Ideal Customer Profiles grew 8% to 560,000.
Revenue as a % of volume declined 2 bps to 116 bps.
SMB customer take rate increased 9 bps to 109 bps.
Transaction costs as a % of revenue grew 30 bps to 16.5%.
Adjusted EBITDA grew 21% to $63.3 million.
The company held $497.5 million in cash and equivalents as of December 31, 2024.
2025 Outlook: Payoneer expects revenue of $1.04 billion-$1.05 billion, versus estimates of $1.04 billion.
The company expects adjusted EBITDA of $255 million-$265 million.
Price Action: PAYO stock is down 14.5% at $8.71 at last check Thursday.
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