NASDAQ$PAYO

Payoneer Global Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Payoneer experienced revenue growth and increased profitability, driven by strategic focus on Ideal Customer Profiles (ICPs) and expansion in key markets.

Payoneer reported a 40% year-over-year revenue increase in Q1 2023, reaching $192 million. Net income was $7.9 million, and adjusted EBITDA grew significantly to $38.8 million. The company is focused on acquiring customers who meet their Ideal Customer Profiles (ICPs) and has raised its 2023 guidance.

  • Revenue increased by 40% year-over-year, reaching $192 million.
  • Active Ideal Customer Profiles (ICPs) grew by 9% year-over-year.
  • Net income was $7.9 million, a decrease of 61% year-over-year.
  • Adjusted EBITDA increased by 273% year-over-year to $38.8 million.

Headline financials

Total Revenue

$192M

Previous: $137M+40.2%
EPS (adj)

$0.02

Previous: -$0.02+200.0%
Active ICPs

491.0K

No prior period
Capital Expenditures

-$1.76M

Previous: -$2.69M+34.4%
Free Cash Flow

$6.17M

Previous: $17.5M-64.8%
Net Income

$7.94M

Previous: $20.2M-60.7%
Operating Income

$15M

Previous: -$6.34M+336.7%
Gross Profit

$191M

Previous: $135M+41.1%
Cash & Equivalents

$545M

Previous: $466M+16.9%
Total Assets

$6.24B

Previous: $5.31B+17.5%
Stock-Based Comp

$16.9M

Previous: $13.1M+29.1%

Revenue & EPS history

Payoneer · Revenue · Quarterly

$192M

Q1 2023+40.2%vs Q1 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Payoneer is raising its full year 2023 guidance, reflecting strong first quarter results and $200 million of interest income revenue for the full year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+3.6%

Avg return

Earnings day

+6.4%

Avg return

5 days after

+2.1%

Avg return

30 days after

48%

11 / 23 earnings

Positive

+37.1%

Q1 2022

Best reaction

-18.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.9%+5.1%+3.7%
Q4 2025-18.7%-12.4%-8.8%
Q3 2025-5.0%-2.1%-1.9%
Q1 2025-13.8%+0.7%-1.4%
Q4 2024-14.7%-21.4%-28.8%
Q3 2024+21.5%+26.9%+26.6%
Q2 2024+27.8%+31.8%+33.7%
Q1 2024+12.5%+10.2%+13.2%
Q4 2023-12.6%-16.5%-12.6%
Q3 2023-7.5%-5.8%-10.3%
Q2 2023+13.8%+14.8%+23.1%
Q1 2023-14.9%-17.1%-19.6%
Q4 2022+14.8%+19.0%+7.3%
Q3 2022-12.9%+0.9%-16.5%
Q2 2022+18.6%+20.4%+18.1%
Q1 2021+37.1%+37.4%+28.7%
Q1 2022+37.1%+37.4%+28.7%
Q4 2021-12.8%-6.2%-0.4%
Q4 2019-12.8%-6.2%-0.4%
Q3 2020+14.3%+21.4%-13.3%
Q3 2021+14.3%+21.4%-13.3%
Q4 2020-3.1%-6.7%-3.6%
Q2 2021-3.1%-6.7%-3.6%
Q2 2020
Q1 2020

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