Paymentus Holdings Inc. (PAY) Tops Q4 EPS by 5c, Beats on Revenue; Offers FY24 Revenue Guidance

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Go back to Paymentus Holdings Inc. (PAY) Tops Q4 EPS by 5c, Beats on Revenue; Offers FY24 Revenue Guidance

Paymentus Reports Fourth Quarter and Full Year 2023 Financial Results

March 4, 2024 4:05 PM EST

Quarterly revenue increased 24.7% year-over-year
Adjusted EBITDA grew 95.4% year-over-year, reflecting 30% of contribution profit

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Paymentus Holdings, Inc. (Paymentus) (NYSE: PAY), a leading provider of cloud-based bill payment technology and solutions, today announced its unaudited financial results for its fourth quarter and full year ended December 31, 2023.

"Paymentus again reported quarterly results that exceeded our original expectations as revenue rose 24.7%, contribution profit grew 22.7% and adjusted EBITDA was up 95.4% year-over-year. We also ended the year on solid footing with a strong backlog, which we believe... More