Paymentus Reports First Quarter 2024 Financial Results
Paymentus Holdings, Inc. Class A (PAY)
Last paymentus holdings, inc. class a earnings: 3/8 04:05 pm
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Source: Business Wire
Revenue increased 24.6% year-over-yearAdjusted EBITDA rose 135.5%, reflecting a 28.6% adjusted EBITDA margin CHARLOTTE, N.C.--(BUSINESS WIRE)--Paymentus Holdings, Inc. (“Paymentus”) (NYSE: PAY), a leading provider of cloud-based bill payment technology and solutions, today announced its unaudited financial results for the quarter ended March 31, 2024.“Paymentus began this year with another outstanding quarter, driven mainly by higher transaction activity from both new and existing billers. Revenue, contribution profit and adjusted EBITDA all grew year-over-year by 24.6%, 29.6% and 135.5%, respectively. We continue to see strong momentum in our bookings and backlog, supporting our positive outlook for the rest of 2024,” said Dushyant Sharma, Founder and CEO.First Quarter 2024 Financial and Business HighlightsRevenue was $184.9 million, an increase of 24.6% year-over-year, driven largely by increased transactions.Gross profit was $52.7 million, an increase of 31.6% year-over-year. Ad
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News
- Paymentus to Participate in Upcoming May and June Investor ConferencesBusiness Wire
- Paymentus Holdings, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Paymentus Holdings, Inc. (NYSE: PAY) had its price target raised by analysts at Citigroup Inc. from $20.00 to $22.00. They now have a "neutral" rating on the stock.MarketBeat
- Paymentus Holdings, Inc. (NYSE: PAY) had its price target raised by analysts at Wells Fargo & Company from $19.00 to $21.00. They now have an "equal weight" rating on the stock.MarketBeat
- Paymentus Holdings, Inc. (NYSE:PAY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
PAY
Earnings
- 5/6/24 - Beat
PAY
Sec Filings
- 5/17/24 - Form 4
- 5/16/24 - Form 144
- 5/7/24 - Form 10-Q
- PAY's page on the SEC website