Financial Data and Key Metrics Changes - The company reported a 35% year-over-year increase in volumes to $45 billion [8] - Gross revenue less network fees increased by 40% to $369 million, driven by stable spreads and subscription revenue [8][23] - Adjusted EBITDA rose by 38% to $169 million, with adjusted EBITDA margins at 46%, slightly above guidance [9][23] - Adjusted EPS was reported at $1.07 per share, reflecting strong performance [9][27] - The company raised its full-year 2025 guidance for gross revenue less network fees to between $1.66 billion and $1.73 billion, representing 23% to 28% growth [28] Business Line Data and Key Metrics Changes - Subscription and other revenue grew by 77% year-over-year to $93 million, driven by success in SMB and sports and entertainment verticals [24] - The company continues to focus on adding new merchants and expanding share of wallet, particularly in the restaurant sector with new offerings like SkyTab Air [10][11] Market Data and Key Metrics Changes - The company is experiencing stable volume trends across all end markets, with a slight deceleration attributed to seasonal factors [8][29] - International expansion is underway, with significant growth in markets like the UK, Ireland, and Germany, signing over 1,000 restaurants monthly [18][73] Company Strategy and Development Direction - The company is focused on unlocking synergies from recent acquisitions, achieving over $20 million in EBITDA synergies in Q1 alone [13] - The strategy includes bundling unique capabilities with payment processing expertise to enhance competitiveness [14] - The company is expanding its footprint globally, now operating in six continents, and is optimistic about signing marquee clients in Latin America [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic uncertainty, noting a proven track record of growing payment volumes during challenging times [21][30] - The outlook remains cautiously optimistic, with guidance not relying on improvements in market conditions [29] Other Important Information - The company has a strong cash position with $1.2 billion in cash and equivalents, well-positioned to manage its $690 million convertible debt maturing in December [27] - The CEO transition is anticipated, with the current CEO expected to step down pending Senate approval for a new position [30] Q&A Session Summary Question: How would you describe the competitive environment in international markets? - Management noted that the international opportunity mirrors the U.S. market evolution, with a lack of convergence among software, hardware, and banking solutions [33][34] Question: Can you touch on what you're seeing in the market more broadly into April? - Management indicated stable consumer spending trends, with modest same-store sales compression across various sectors [40][41] Question: Where are you on the synergy updates from recent acquisitions? - Management highlighted strong cross-sell opportunities, particularly with Revel and Eigen, contributing positively to the overall strategy [46][48] Question: What was organic and inorganic growth for the 40% GR LNF growth in the quarter? - Management stated that organic revenue growth is expected to be over 20% for the year, aligning with their full-year metric [53][54] Question: Can you provide any color on the current revenue split between U.S. and international? - Management indicated that international revenue is still developing, with significant potential for growth in various markets [70][72] Question: Is there any material difference in take rate versus U.S. merchants? - Management confirmed that while there are differences, the path to achieving the 60 bps net take rate target remains consistent across markets [100]

Exhibit 99.1 crypto.com @ crypto.com crypto.com SHIFT@ Q1 2025 SHAREHOLDER LETTER INVESTORS.SHIFT4.COM Forward-Looking Statements This letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Shift4 Payments, Inc. ("we. "our," the "Company." o "Shift4") intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21 ...

Group 1 - Shift4 Payments (FOUR) is expected to report quarterly earnings of $0.71 per share, reflecting a 31.5% increase year-over-year [1] - Analysts forecast revenues of $347.81 million, indicating a year-over-year increase of 31.9% [1] - The consensus EPS estimate has been revised 5% lower over the last 30 days, showing a reevaluation of initial estimates by analysts [1][2] Group 2 - Analysts estimate 'Gross Revenue- Subscription and other revenues' to reach $92.56 million, representing a 77% increase from the previous year [4] - 'Gross Revenue- Payments-based revenue' is expected to be $797.60 million, indicating a year-over-year change of 21.8% [4] - The average prediction for 'End-to-End Payment Volume' is $44.53 billion, up from $33.40 billion reported in the same quarter last year [5] Group 3 - Shift4 Payments shares have decreased by 5.1% in the past month, compared to a 4.3% decline in the Zacks S&P 500 composite [5] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [5]

Core Insights - The article compares two stocks in the Financial Transaction Services sector: PagSeguro Digital Ltd. (PAGS) and Shift4 Payments (FOUR) to determine which is more attractive to value investors [1] Valuation Metrics - PAGS has a forward P/E ratio of 6.85, while FOUR has a forward P/E of 16.18 [5] - PAGS has a PEG ratio of 0.61, and FOUR has a PEG ratio of 0.62, indicating similar expected earnings growth rates [5] - PAGS has a P/B ratio of 1.03, compared to FOUR's P/B ratio of 6.72, suggesting PAGS is more undervalued relative to its book value [6] Analyst Outlook - PAGS currently holds a Zacks Rank of 1 (Strong Buy), indicating a more favorable earnings estimate revision trend compared to FOUR, which has a Zacks Rank of 3 (Hold) [3] - PAGS has a Value grade of B, while FOUR has a Value grade of C, further supporting PAGS as the superior value option [6]

Core Viewpoint - The current stock market correction presents a unique opportunity to invest in undervalued companies, with several stocks identified as particularly attractive buys during this period [1][19]. Group 1: Lyft - Lyft's stock has decreased over 40% from its 52-week highs, primarily due to competitive concerns in the ride-sharing market [3]. - The company reported record metrics with 24.7 million active riders and nearly 219 million rides in 2024, reflecting a 15% year-over-year increase [3]. - Lyft achieved positive free cash flow of $766 million for 2024, resulting in a low valuation of 6 times its free cash flow [4]. - Expectations for 2025 include further revenue growth and improved margins, particularly from its advertising business [5]. Group 2: Shift4 Payments - Shift4's stock has declined 15% following leadership changes and a $1.5 billion acquisition, raising investor concerns [6]. - The company reported nearly $48 billion in payment volume for Q4 2024, a sevenfold increase from Q4 2020 [7]. - Shift4 anticipates over 20% top-line growth for 2025 and has a net income of nearly $300 million for 2024, trading at a P/E ratio of 28, its lowest ever [8]. Group 3: Comfort Systems USA - Comfort Systems' stock has increased nearly 1,700% over the past decade but is currently down nearly 40% from its all-time high [9]. - The company is well-positioned for growth due to its services in data centers and semiconductor manufacturing, with a backlog of $6 billion, up 16% year-over-year [11]. - The global AI data center market is projected to grow at nearly 26% annually through 2032, benefiting Comfort Systems [11]. Group 4: Crocs - Crocs stock is trading at just 6 times its earnings, significantly lower than the S&P 500's 29 times [12]. - The company reported a modest revenue growth of 3.5% in 2024, with management expecting about 2% growth in 2025 [13]. - Crocs has authorized a $1.3 billion stock buyback, representing over 20% of outstanding shares, and has repaid over $300 million in debt [14]. Group 5: Airbnb - Airbnb's stock is over 40% below its all-time high from 2021, despite strong business fundamentals [15]. - The company achieved record revenue of $11.1 billion in 2024, a 12% increase year-over-year, and generated free cash flow of $4.5 billion with a 40% margin [16][17]. - Management plans to invest $200 million to $250 million in new business ideas, indicating potential for future growth [17][18].

Business Operations and Revenue Model - Shift4 processed billions of transactions annually for hundreds of thousands of businesses, establishing itself as a leading independent provider of software and payment processing solutions in the U.S.[25] - The majority of Shift4's revenue is derived from processing fees, charged as a percentage of end-to-end payment volume and/or as a fee per transaction, with no single merchant accounting for more than 3% of revenue in recent years[30] - Shift4's revenue model is predominantly recurring, with significant contributions from subscription revenue for licensing its POS software and business intelligence tools[30] - The company aims to increase payment volume processed through its integrated platform across diverse verticals, including restaurants and e-commerce[47] - Shift4 Payments reported a significant increase in revenue, achieving $500 million in Q3 2023, representing a 25% year-over-year growth[101] - Shift4 Payments anticipates continued growth, projecting revenue to reach between $2 billion and $2.2 billion for the full year 2024, indicating a growth rate of approximately 20%[101] Technology and Innovation - The payments platform supports multiple payment types, including credit, debit, contactless cards, and alternative payment methods like Apple Pay and Google Pay, ensuring flexibility for merchants[33] - Shift4's proprietary gateway integrates with over 550 software suites, enabling connectivity with major payment processors and enhancing security features to protect consumer card data[34] - Shift4's technology solutions are designed to streamline business operations and drive growth through strong consumer engagement and rich transaction-level data[35] - The company focuses on innovation and product development, leveraging an extensive library of intellectual property to create scalable technology solutions[28] - Shift4's technology solutions include SkyTab POS, SkyTab Mobile, and Lighthouse, aimed at improving operational efficiency and customer engagement[37] - Shift4 Payments is investing in new technology, including enhancements to its payment processing platform, which is expected to improve transaction speed by 15%[101] Market Expansion and Strategic Partnerships - The company is strategically expanding its market presence and enhancing its service offerings through partnerships with independent software vendors and value-added resellers[29] - In 2023, the company acquired Credorax, Inc. (operating as Finaro) to support international expansion, particularly in Europe and the UK[50] - The company is focused on international expansion and anticipates growth in its market position, with a strategy to enhance its service offerings[15] - Shift4 Payments is exploring potential acquisitions to bolster its service offerings and expand its technological capabilities, with a target of completing at least one acquisition by the end of 2024[101] - The company has initiated strategic partnerships with major players in the e-commerce space, which is projected to increase its customer base by 40% over the next year[101] Customer Experience and Support - The company aims to simplify commerce for merchants by providing an integrated solution that combines hardware, software, and payment processing[27] - The merchant onboarding process allows for activation within minutes via an online portal, with complex merchants typically onboarded within 24 hours[44] - The company provides a full curriculum of training materials to merchants, enhancing their operational capabilities[44] - The company provides 24/7 merchant support, emphasizing first-call resolution to enhance operational efficiency[51] - Shift4's operations infrastructure leverages over 30 years of experience in the hospitality sector to deliver high-quality customer experiences[42] Employee Engagement and Corporate Culture - As of December 31, 2024, Shift4's workforce included approximately 4,000 employees, with 800 employees added through acquisitions completed in 2024[75] - Shift4's compensation philosophy emphasizes equity and performance-based rewards, including a 401(k) with 100% matching up to 4% of salary in the U.S.[80] - In 2024, over 2,500 employees voluntarily engaged in learning opportunities, completing approximately 23,000 courses[79] - The appointment of Shift4's first Chief Human Resources Officer in 2024 reflects a strategic enhancement of the human capital governance structure[76] - Shift4's employee engagement initiatives include the Top Gun Employee Recognition Program, celebrating top performers and driving retention[84] Compliance and Risk Management - The company is subject to various federal, state, and international laws prohibiting unfair or deceptive trade practices, which could impact its business operations[70] - The company is subject to GDPR penalties for non-compliance, which can reach up to EUR 20 million or 4% of global annual turnover[69] - The company has policies and controls in place to comply with anti-money laundering laws and regulations in various jurisdictions, including the U.S. and EU[71] - The company’s risk management operations monitor merchant accounts continuously to minimize losses associated with fraud and default[51] Financial Performance and Projections - The company processed over 200 million transactions in the last quarter, reflecting a 30% increase compared to the same period last year[101] - The company reported a net income of $50 million for Q3 2023, a 10% increase from the previous quarter, showcasing improved profitability[101] - Shift4 Payments is committed to enhancing its cybersecurity measures, with a planned investment of $10 million in 2024 to safeguard customer data[101] Governance and Leadership - Jared Isaacman has served as the CEO and Chairman of Shift4 Payments since its formation, and he is also the founder of Shift4 Payments, LLC[91] - Nancy Disman has been the CFO since August 2022, previously serving as CFO and Chief Administrative Officer at Intrado Corporation[93] - Shift4 Payments is committed to enhancing its governance practices through experienced board members with diverse backgrounds in finance and technology[15] - The company is preparing for potential executive transitions and succession planning to ensure leadership continuity[15]

Financial Data and Key Metrics Changes - End-to-end payment volumes increased 49% year-over-year to $47.9 billion [8] - Gross revenue less network fees increased 50% to $405 million [9] - Adjusted EBITDA increased 51% to $205.9 million [9] - Adjusted free cash flow increased 78% to $134 million [9] - Year-end net leverage was 2.5 times [11] Business Line Data and Key Metrics Changes - Subscription and other revenue was $115 million in Q4, up 100% compared to the same period last year [46] - Unified commerce platform saw Q4 year-over-year volumes up 660% and calendar year volumes up 319% [25] - SkyTab installations surpassed the initial goal of 30,000 for 2024 [14] Market Data and Key Metrics Changes - International expansion included processing across Latin America and plans to launch in four to six additional countries [31] - Significant growth in the non-profit sector with record volumes [25] Company Strategy and Development Direction - The acquisition of Global Blue for approximately $2.5 billion aims to enhance payment capabilities and unlock revenue synergies [36][38] - Focus on building a unified commerce platform to streamline payment processes globally [22][29] - Strategy to follow strategic customers into new international markets [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in surpassing midterm guidance despite economic challenges [11] - Anticipated adjusted EBITDA margins of approximately 45% for Q1, aligning with historical trends [51] - Guidance for 2025 includes volume between $200 billion and $220 billion, representing 21% to 33% year-over-year growth [51] Other Important Information - GAAP net income for Q4 was $139 million, with GAAP diluted EPS at $1.44 [49] - Company repurchased over one million shares for $110 million, leaving $350 million of capacity available [48] Q&A Session Summary - No questions were entertained during the call as it was followed by an Investor Day event [6][53]

For the quarter ended December 2024, Shift4 Payments (FOUR) reported revenue of $405 million, up 50.4% over the same period last year. EPS came in at $1.35, compared to $0.76 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $405.41 million, representing a surprise of -0.10%. The company delivered an EPS surprise of +16.38%, with the consensus EPS estimate being $1.16.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Shift4 Payments (FOUR) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.38%. A quarter ago, it was expected that this company would post earnings of $1.10 per share when it actually produced earnings of $1.04, delivering a surprise of -5.45%.Over the last four quarters, the company ...

Financial Data and Key Metrics Changes - End-to-end payment volumes increased by 49% year-over-year to $47.9 billion [6] - Gross revenue less network fees rose by 50% to $405 million [6] - Adjusted EBITDA increased by 51% to $205.9 million [6] - Adjusted free cash flow surged by 78% to $134 million [6] - Full year adjusted free cash flow reached $399 million, up 46% compared to the previous year [30] Business Line Data and Key Metrics Changes - Subscription and other revenue in Q4 was $115 million, up 100% year-over-year [29] - Adjusted EBITDA margins for Q4 were 51.5%, with full year margins at 53% [29] - Unified commerce platform saw Q4 year-over-year volumes up 660% and calendar year volumes up 319% [17] Market Data and Key Metrics Changes - The company is expanding its international presence, processing payments across Latin America and planning to launch in four to six additional countries [21] - The company is now processing payments for various international restaurants and hospitality venues, indicating strong market penetration [9][11] Company Strategy and Development Direction - The acquisition of Global Blue for approximately $2.5 billion aims to enhance the company's payment capabilities and expand its market reach [24] - The company is focused on building a unified commerce platform that integrates various payment solutions for merchants [16] - The strategy includes leveraging existing relationships with major fintech companies like Ant International and Tencent to enhance e-commerce opportunities [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in surpassing midterm guidance despite economic challenges such as inflation and rising interest rates [7] - The company anticipates strong growth in 2025, with guidance excluding the Global Blue impact indicating significant year-over-year growth across key metrics [33] - Management emphasized the importance of maintaining operational efficiency to generate exceptional cash flow without sacrificing growth [30] Other Important Information - The company repurchased over 1 million shares for $110 million, leaving approximately $350 million of capacity available under its current program [31] - The company plans to integrate crypto payment capabilities across its products, positioning itself as a leader in this emerging market [19] Q&A Session Summary - No questions were entertained during the call as the focus was on the Investor Day event [5]