Payoneer (US:PAYO) Prnewswireยท2025-11-05 12:30Core Insights - Payoneer reported record quarterly revenue for Q3 2025, demonstrating resilience and strength in its diverse business model, with a 15% year-over-year growth in revenue excluding interest income [3][8][10] - The company has raised its 2025 guidance for total revenue, reflecting consistent expectations for revenue growth and increased interest income due to strong year-over-year growth in customer funds [10][11] Financial Performance - Q3 2025 revenue excluding interest income reached $211.4 million, a 15% increase from Q3 2024, driven by 9% volume growth and significant take rate expansion with SMB customers [8][19] - Total revenue for Q3 2025 was $270.9 million, up 9% year-over-year [19] - Net income for Q3 2025 was $14.1 million, a decrease of 66% compared to $41.6 million in Q3 2024 [19][27] - Adjusted EBITDA for Q3 2025 was $71.3 million, reflecting a 3% increase year-over-year [19][25] Business Highlights - The company achieved a record $1.6 billion in spend on Payoneer cards, a 19% increase year-over-year, indicating higher usage per customer [14] - SMB customer revenue grew to $192 million, a 17% increase year-over-year, with marketplace sales contributing $121 million, up 11% [8][14] - The average revenue per user (ARPU) excluding interest income grew by 22% year-over-year, marking the fifth consecutive quarter of over 20% growth [8][10] 2025 Guidance - Payoneer has increased its 2025 revenue guidance to a range of $1,050 million to $1,070 million, with adjusted EBITDA expected between $270 million and $275 million [11][10] - The company anticipates transaction costs to be approximately 16.0% of revenue [11] Operational Metrics - Active Ideal Customer Profiles (ICPs) decreased by 2% year-over-year to 548,000 [8] - The volume of transactions processed was $22.3 billion, a 9% increase year-over-year [8]