Shares of Nayax Ltd (NYAX) are soaring 7.43% in pre-market trading on Wednesday, following the release of the company's impressive third-quarter earnings report. Despite missing some analyst estimates, the fintech firm demonstrated robust year-over-year growth and significantly improved profitability, which has excited investors.
Nayax reported a 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 substantially 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, investors appear to be focusing on Nayax's strong year-over-year growth and positive outlook. The company updated its 2025 revenue guidance to $400-$405 million, citing M&A delays, while reaffirming its organic revenue growth guidance of at least 25%. With Wall Street's median 12-month price target for Nayax at $51.50, approximately 22.7% above its recent closing price, the market remains optimistic about the company's long-term prospects despite the short-term earnings miss.
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