Stock Track | Priority Technology Holdings Plummets 5.55% as Q4 Earnings Disappoint and Outlook Turns Cautious

Stock Track

08 Mar

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:

Headwinds related to lower interest rates, which could impact its Enterprise segment's profitability.
A somewhat murky macroeconomic environment, which could impact the demand for its services.
Higher expenses resulting from the migration of certain platforms to the cloud, which converts CapEx to OpEx and pressures profitability in the short term.
Increased accounting costs related to SOX compliance and remediation efforts due to a disclosed material weakness in internal controls.

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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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%.</p>\n\n<p>PRTH cited several factors that could weigh on its performance in 2025, including:</p>\n<ul>\n<li>Headwinds related to lower interest rates, which could impact its Enterprise segment's profitability.</li>\n<li>A somewhat murky macroeconomic environment, which could impact the demand for its services.</li>\n<li>Higher expenses resulting from the migration of certain platforms to the cloud, which converts CapEx to OpEx and pressures profitability in the short term.</li>\n<li>Increased accounting costs related to SOX compliance and remediation efforts due to a disclosed material weakness in internal controls.</li>\n</ul>\n\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRTH","symbol_name":"Priority Technology Holdings Inc","start_time":0,"source_url":"","article_id":"1183596568","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1183596568","pubTimestamp":1741366497,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Priority Technology Holdings Inc  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 i","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PRTH":"Priority Technology Holdings Inc"},"translate_title":"股票赛道Priority Technology Holdings暴跌5.55%，第四季度盈利令人失望，前景变得谨慎","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRTH":1},"content_text":"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.\nIn 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%.\nPRTH cited several factors that could weigh on its performance in 2025, including:\n\nHeadwinds related to lower interest rates, which could impact its Enterprise segment's profitability.\nA somewhat murky macroeconomic environment, which could impact the demand for its services.\nHigher expenses resulting from the migration of certain platforms to the cloud, which converts CapEx to OpEx and pressures profitability in the short term.\nIncreased accounting costs related to SOX compliance and remediation efforts due to a disclosed material weakness in internal controls.\n\nWhile 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.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1}}}