Overview

* Payoneer Q2 revenue rises 9% to $260.6 mln, beating analyst expectations

* Revenue excluding interest income grows 16% yr/yr, driven by SMB customer growth

* Co raises share repurchase authorization to $300 mln

Outlook

* Payoneer expects 2025 revenue between $1.04 bln and $1.06 bln

* Company projects 2025 adjusted EBITDA of $260 mln to $275 mln

* Payoneer forecasts revenue ex. interest income of $815 mln to $835 mln

* Company increases share repurchase authorization to $300 mln

Result Drivers

* SMB CUSTOMER GROWTH - Revenue excluding interest income grew 16% yr/yr, driven by 11% volume growth and significant take rate expansion with SMB customers

* B2B SMB REVENUE - B2B SMBs revenue increased 37% yr/yr, contributing to overall SMB customer revenue growth

* CARD USAGE - Record $1.5 bln spend on Payoneer cards, up 25% yr/yr, driven by higher usage per customer

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $260.60 $253.10

Revenue mln mln (9

Analysts

)

Q2 EPS $0.05

Q2 Net $19.50

Income mln

Q2 $230.54

Operatin mln

g

Expenses

Q2 $30.08

Operatin mln

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the business support services peer group is "buy"

* Wall Street's median 12-month price target for Payoneer Global Inc ( PAYO ) is $9.00, about 27.8% above its August 5 closing price of $6.50

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)