Shares of Nayax Ltd (NYAX) are soaring 7.43% in pre-market trading on Wednesday following the release of its third-quarter earnings report. The fintech company demonstrated robust year-over-year growth and improved profitability, exciting investors despite missing analyst estimates on some key metrics.
Nayax reported a significant 26% year-over-year increase in Q3 revenue, reaching $104.3 million. This growth was primarily driven by customer expansion and strong demand for the company's payment solutions. Net income for the quarter rose impressively to $3.5 million, up from $0.7 million in the same period last year. Additionally, adjusted EBITDA grew to $18.2 million, reflecting improved operational efficiency.
While the company's earnings per share of $0.09 missed the analyst consensus estimate of $0.23, and quarterly sales of $104.280 million fell short of the expected $109.597 million, investors appear to be focusing on Nayax's strong year-over-year growth and positive outlook. The company reaffirmed its organic revenue growth guidance of at least 25% and updated its 2025 revenue guidance to $400-$405 million, citing M&A delays. Nayax also adjusted its 2025 Adjusted EBITDA guidance to $60-$65 million. With Wall Street's median 12-month price target for Nayax at $51.50, approximately 22.7% above its recent closing price, the market seems optimistic about the company's long-term prospects despite the short-term earnings miss.
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