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)
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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.
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