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Investing.com -- Payoneer Global Inc. shares tumbled 9.5% after the financial technology company reported first-quarter earnings that missed analyst expectations and suspended its full-year 2025 guidance, citing macroeconomic uncertainty.
The company reported Q1 adjusted earnings per share of $0.05, falling short of the $0.09 analyst estimate. Revenue for the quarter came in at $246.6 million, slightly above the consensus estimate of $244.73 million and up 8% YoY.
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Revenue excluding interest income grew 16% YoY to $188.6 million, driven by a 7% increase in volume and take rate expansion with SMB customers. However, interest income declined 11% YoY to $58 million.
Payoneer CEO John Caplan stated, "Payoneer delivered another solid quarter, driven by strong ARPU growth, increasing adoption of our high-value products, focus on quality customers, and continued profitability."
Despite the positive revenue growth, the company suspended its previously issued full-year 2025 guidance due to the "rapidly evolving and uncertain global macro and trade environment." Payoneer cited "substantial risks" that could impact financial results, given its focus on supporting cross-border businesses.
The company reported $1.4 billion of spend on Payoneer cards, up 29% YoY, and customer funds of $6.6 billion as of March 31, 2025, an 11% YoY increase.
Payoneer repurchased $17 million of shares during the quarter at an average price of $9.04, down from $51 million in the prior year period at $4.84 per share.
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