Payoneer raises 2024 guidance as Q3 revenue rises 19% to $248 million
Payoneer reported third quarter 2024 revenue of $248.3 million, up 19% from a year earlier, and net income of $41.6 million, up from $12.8 million. The company raised its full-year 2024 guidance to revenue of $950 million to $960 million and adjusted EBITDA of $255 million to $265 million.
Key points
- Q3 2024 adjusted EBITDA was $69.3 million, up 19% from $58.2 million a year earlier.
- Net income included a $19.5 million tax benefit and a $14.7 million loss on warrant repurchase and redemption.
- Volume was $20.4 billion, up 25% year-over-year, with B2B volume up 57%.
- Share repurchases totaled $21 million at a weighted average price of $5.67, and all 25 million public warrants were repurchased for $21 million.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.