Financial Data and Key Metrics - Revenue for Q1 2024 was $228 million, up 19% year-over-year, driven by interest income, B2B business momentum, SMB performance, and pricing initiatives [22] - Adjusted EBITDA margin reached a record 29% in Q1, with adjusted EBITDA of $65 million, up from $39 million in the prior year period [44] - Free cash flow conversion is well above 100% year-to-date, with $587 million in cash and cash equivalents at the end of Q1 [26] - The company repurchased $51 million worth of shares in Q1, accelerating its capital return to shareholders [26] Business Line Performance - B2B volume grew 33% in Q1, a significant acceleration from 13% growth in Q4 2023, driven by service-oriented markets in APEC, LATAM, and SEMEA [17][67] - Merchant services volume grew over 200% in Q1, with strong adoption of the checkout product among 10K+ ICPs [67] - SMB revenue grew 21%, with a 4 basis points increase in take rate due to pricing initiatives and cross-selling of financial products [7][22] - Enterprise payout growth was 34%, driven by strong travel volume and new routes [41] Market Performance - The company achieved double-digit growth in all major regions, with over 20% revenue growth in higher take-rate regions [54] - Greater China showed significant strength, with strong growth in B2B and commercial card products [80] - CEMEA and APAC regions saw 41% and 39% year-over-year B2B growth, respectively [88] Strategic Direction and Industry Competition - The company is focused on expanding its financial stack, including cross-border AR and AP solutions, and enhancing product offerings for SMBs [33][35] - New verticals such as agriculture in Ukraine, beauty products in Asia, and marketing services globally contributed tens of millions in incremental B2B volume in Q1 [35] - The company is investing in a sophisticated pricing engine and segment-based pricing strategies to improve monetization [96] Management Commentary on Operating Environment and Future Outlook - Management highlighted the transformative evolution of cross-border trade, driven by technological advancements, demographic shifts, and rising consumer purchasing power [20] - The company raised its full-year revenue guidance by $20 million and adjusted EBITDA guidance by $15 million, reflecting strong Q1 performance and momentum heading into Q2 [71] - Management remains confident in the company's ability to capture opportunities in the $6 trillion global cross-border B2B market [34] Other Important Information - Sales and marketing expenses increased by $2 million (4%) due to higher marketing spend on card incentive programs and partner commissions [24] - R&D expenses increased by $3 million (9%), with a focus on growth initiatives, product enhancements, and improving user experience [25][43] - Transaction costs increased by 25% to $34 million, in line with volume growth and mix shift toward higher take-rate businesses [42] Q&A Session Summary Question: Revenue growth cadence and expectations for the year [49] - The company expects a U-shaped revenue trajectory for 2024, with strong Q1 and Q2 performance, moderating in Q3, and accelerating again in Q4 [50][51] - Q2 revenue growth is expected to be high single digits, with mid-teens normalized growth, driven by strong B2B momentum [50] Question: Performance in Greater China and macro impact [54] - Greater China showed double-digit growth, with strong execution in B2B and commercial card products, benefiting from consumer spending in the West [80] Question: Capital deployment priorities [56] - The company is balancing share buybacks with tuck-in M&A opportunities to extend its financial stack, having repurchased $51 million worth of shares in Q1 [81][82] Question: B2B volume growth expectations for 2024 [87] - The company maintains its expectation of 25% year-over-year B2B volume growth, with potential for outperformance if macroeconomic conditions remain stable [65][88] Question: Drivers of SMB take rate improvement [100] - The SMB take rate increased by 4 basis points, driven by pricing initiatives, cross-selling of financial products, and strong performance in B2B and merchant services [7][100] Question: Updated thoughts on B2B volume growth for 2024 [87] - The company remains confident in its 25% year-over-year B2B volume growth target, with strong momentum in CEMEA and APAC regions [88] Question: Delta between revenue and adjusted EBITDA guidance raises [89] - The company attributed the delta to transaction costs and investments in growth initiatives, with no significant changes in cash OpEx [66]

Accounts Receivable Volume ($B) Take Rate Defend our market leading position Drive continued scaled, efficient growth Note: Take rates shown above include associated monetization from usage of funds based on the channel the volume came from. Take rates shown above do not include interest income revenue. We are trusted, growing customer funds, and earning • $231M of interest income earned on customer funds in 2023 and $65M in 1Q'24 • $99M of customer funds were invested in US treasury securities with a <1 ye ...

Payoneer Global Inc. (PAYO) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.05, delivering no surprise.Over the last four quarters, the company has sur ...

First Quarter 2024 Financial Highlights Exhibit 99.1 1. Active ICPs are defined as customers with a Payoneer Account that have on average over $500 per month in volume and were active over the trailing twelve-month period. Payoneer Reports First Quarter 2024 Financial Results Record quarterly revenue, up 19% year-over-year, driven by strong growth across the entire platform 21% volume growth, including 33% B2B volume growth NEW YORK – May 8, 2024 – Payoneer Global Inc. ("Payoneer" or the "Company") (NASDAQ: ...

NEW YORK--(BUSINESS WIRE)--Payoneer Global Inc. (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium sized businesses to transact, do business, and grow globally, today announced that senior management will participate in a fireside chat at the Wolfe Research FinTech Forum on Wednesday, March 13, 2024 at approximately 1:45PM ET. Investors and interested parties can access the live webcast and replay of the fireside chat by visiting the Company’s investor relations websit ...

Payoneer Global Inc. (NASDAQ:PAYO) Q4 2023 Earnings Conference Call February 28, 2024 8:30 AM ET Michelle Wang - Vice President-Investor Relations Bea Ordonez - Chief Financial Officer Will Nance - Goldman Sachs Chris Kennedy - William Blair Good morning. Thank you for standing by. Welcome to PayoneerÂ's Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise. Following the speakersÂ' remarks, we will open the lines for you ...

Exhibit 99.1 Payoneer Reports Fourth Quarter and Full Year 2023 Financial Results Third consecutive year of 30%+ revenue growth since going public in 2021 Significantly expanded profitability in 2023 NEW YORK – February 28, 2024 – Payoneer Global Inc. ("Payoneer" or the "Company") (NASDAQ: PAYO), the financial technology company empowering the world's small and medium-sized businesses to transact, do business and grow globally, today reported financial results for its fourth quarter and full year ended Dece ...

NEW YORK--(BUSINESS WIRE)--Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business and grow globally, will report its Fourth Quarter and Full Year 2023 financial results on Wednesday, February 28, 2024, before the market open. Senior management will also host a conference call and earnings webcast to discuss financial results at 8:30 a.m. Eastern Time the same day. A live webcast and replay of the event will be availa ...

VioletaStoimenovaFounded in 2005, Payoneer Global (NASDAQ:PAYO) is a global payment provider focusing on helping digital SMBs in emerging markets engage in international transactions. PAYO has been underperforming since going public in 2021, with a price return of -51.6%. It reached an all-time high of $10.75 per share the same year. Since then, it has gradually declined to reach $4.8 per share today. I initiate my coverage with a buy rating and a 1-year price target of $6.44, a potential upside of over ...

Payoneer Global Inc. (NASDAQ:PAYO) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Michelle Wang - Vice President-Investor Relations John Caplan - Chief Executive Officer Bea Ordonez - Chief Financial Officer Conference Call Participants Sanjay Sakhrani - KBW Trevor Williams - Jefferies Cristopher Kennedy - William Blair Mike Grondahl - Northland Capital Markets Josh Siegler - Cantor Fitzgerald * Operator Good morning. Thank you for standing by. Welcome to Payoneer’s Third ...