Shares of Nayax Ltd (NYAX) soared 7.03% in pre-market trading on Wednesday, following the release of the company's third-quarter earnings report. Despite missing analyst estimates, the fintech firm demonstrated robust year-over-year growth and improved profitability, which appears to have excited investors.
Nayax reported a 26% year-over-year increase in Q3 revenue, reaching $104.3 million. The company's net income surged to $3.5 million, up from $0.7 million in the same period last year. Adjusted EBITDA also saw significant growth, rising to $18.2 million, reflecting enhanced operational efficiency. The strong performance was driven by customer expansion, scalable payment solutions, and increased demand for the company's hardware.
While Nayax slightly adjusted its 2025 revenue guidance due to M&A delays, it reaffirmed its organic revenue growth guidance of at least 25%. The company's focus on margin expansion through renegotiated contracts and smart-routing capabilities seems to be paying off. With Wall Street's median 12-month price target at $51.50, approximately 22.7% above its previous closing price, investors appear optimistic about Nayax's future prospects despite the slight miss on quarterly estimates.
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