Stock Track | Lightspeed Reports Strong Q2 Results, Raises Full-Year Guidance on Payments Growth

Stock Track11-08

Lightspeed Commerce Inc. (LSPD) reported impressive second-quarter fiscal 2025 results, surpassing analyst estimates on revenue and earnings. The strong performance was driven by robust growth in the company's payments solutions, prompting Lightspeed to raise its full-year Adjusted EBITDA guidance.

For the quarter ended September 30, 2024, Lightspeed reported total revenue of $277.2 million, up 20% year-over-year, beating the consensus estimate of $274.08 million. Transaction-based revenue surged 33% to $183.8 million, fueled by the company's initiative to sell its point-of-sale (POS) and payments solutions as a unified platform. Subscription revenue increased 6% to $85.5 million.

Adjusted EPS came in at $0.13, exceeding the consensus estimate of $0.11. Adjusted EBITDA stood at $14.0 million, surpassing the company's outlook of $12 million. Lightspeed also reported positive Adjusted Free Cash Flow of $1.6 million, reflecting its efforts to expand payments adoption and control costs.

Encouraged by the strong performance, Lightspeed raised its Adjusted EBITDA outlook for fiscal 2025 to a minimum of $50 million from the previous guidance of at least $45 million. The company expects revenue growth of at least 20% for the full year.

Dax Dasilva, Founder and CEO, highlighted Lightspeed's milestone of exceeding $1 billion in trailing twelve-month revenue. He emphasized the company's competitive position, particularly in retail in North America and hospitality in Europe, driven by its differentiated product offerings.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment