NASDAQ$PAYO
Payoneer Global Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Payoneer reported record quarterly revenue with significant profitability expansion and strategic investments.
Payoneer's Q2 2023 results showcased record revenue, up 40% year-over-year, driven by growth in active ICPs and increased monetization. Net income saw a substantial increase, and the company announced strategic acquisitions and partnerships to further growth.
- Revenue increased by 40% year-over-year, reaching a record $206.7 million.
- Net income increased significantly to $45.5 million, a 930% increase year-over-year.
- Active ICPs grew by 6% year-over-year, with larger ICPs growing by 18%.
- The company announced an agreement to acquire a licensed China-based payment service provider.
Headline financials
Revenue & EPS history
Payoneer · Revenue · Quarterly
$207M
Forward guidance
Payoneer raised its full year 2023 guidance, expecting revenue between $820 million and $830 million and adjusted EBITDA between $160 million and $170 million.
Tailwinds
- Steady acquisition of ICPs.
- Significant revenue growth.
- Margin expansion.
- Investment for future growth.
- Expected $210 million of interest income revenue for the full year.
Headwinds
- Cannot reconcile its expected adjusted EBITDA to expected net income under “2023 Guidance” without unreasonable effort because certain items that impact net income and other reconciling metrics are out of the Company's control and/or cannot be reasonably predicted at this time, which unavailable information could have a significant impact on the Company’s GAAP financial results.
- Forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.
- These forward-looking statements are based upon estimates and assumptions that are inherently uncertain.
- Changes in applicable laws or regulations could affect results.
- Geopolitical and other economic, business and/or competitive factors could adversely affect results.
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 Q2 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
| Quarter | Report date | Reaction (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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