Payoneer Global Inc. (PAYO) Tops Q1 EPS by 11c
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Payoneer Announces First Quarter 2022 Financial Results
May 12, 2022 4:05 PM EDT
Q1 2022 Revenue Growth of 36% Driven by Growth in Higher Value Services
Raises Full Year 2022 Revenue and Adjusted EBITDA Guidance
NEW YORK--(BUSINESS WIRE)-- Payoneer Global Inc. (Payoneer) (NASDAQ: PAYO), the commerce technology company powering payments and growth for the new global economy, today reported financial results for its first quarter ended March 31, 2022.
First Quarter 2022 Financial Highlights
Revenue increased 36% to $137.0 million, compared to $100.6 million in Q1 2021. Transaction costs as a percentage of revenue decreased to 18.7% from 20.0% in Q1... More