The Montreal-based payments company raised its financial outlook for the full year to between US$312 million and US$316 million in adjusted EBITDA, up from between US$295 million and US$305 million. Its shares closed down about 3.5 per cent on the Toronto Stock Exchange Tuesday. (The Logic)
Skip to content
The Montreal-based payments company raised its financial outlook for the full year to between US$312 million and US$316 million in adjusted EBITDA, up from between US$295 million and US$305 million. Its shares closed down about 3.5 per cent on the Toronto Stock Exchange Tuesday. (The Logic)
Talking point: Nuvei also highlighted wins in its online-gaming vertical and the launch of its new payment cards business in Europe. The company signed a number of major customers in the most recent quarter as it looks to gain a foothold in the growing U.S. market for online gaming and sports betting. Some of those new customers include BetMGM, MGM Resorts International’s online sportsbook, and SI Sportsbook, Sports Illustrated magazine’s venture into online gaming. Nuvei also said it expects growth for its newly launched card issuing business in Europe, where it can offer the service as an additional benefit for its merchants in the region.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Canada’s new AI strategy aims to boost firms selling overseas
Briefing
Anthropic says world needs option to slow AI development, as models learn to self-improve
Ottawa taps the brakes on efforts to speed up project permitting
Kevin O’Leary scales back Wonder Valley Utah plans after objections from a key state legislator
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
