Payoneer Beats Earnings, Focuses on Larger Clients

Payoneers Q3 earnings surpass expectations, with a 9.1% year-over-year revenue increase to $270.9 million, beating analyst estimates of $263.1 million. The companys full-year revenue guidance also tops estimates, with a midpoint of $1.06 billion. Despite positive numbers, the stock drops due to a strategic shift towards larger, more complex customers and an expanding business-to-business segment. Payoneer plans to invest in automation, partnerships, and stablecoin/blockchain solutions for future growth, while monitoring macroeconomic uncertainties and business-to-business revenue trends.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.