$Paymentus Holdings (PAY.US)$ shares were trading more than 38% higher just past 12:20 PM ET Wednesday after the company reported third-quarter results and strong guidance.
Revenue escalated 51.9% year-over-year to $231.6 million, beating the consensus of $190.6 million, led by increased billers and transactions.
The company processed 155.3 million transactions in the quarter, an increase of 34.6% year-over-year. Adjusted gross profit rose 29.1% year-over-year to $66.2 million, and contribution profit surged 30.1%.
Adjusted EBITDA stood at $24.6 million, up 58.2% year-over-year, representing an adjusted EBITDA margin of 30.7%. Adjusted EPS of $0.15 exceeded the consensus of $0.09.
For the fourth quarter, Paymentus expects revenue of $215 million and $220 million vs. $203.62 million estimate, with contribution profit expected to be $79 million – $81 million and adjusted EBITDA of $22 million – $24 million.
For FY24, the company anticipates revenue of $829 million – $834 million (prior view: $770 million – $780 million), compared to the consensus of $776.58 million, with contribution profit of $305 million – $307 million and adjusted EBITDA of $89 million – $91 million.
