The Montreal-based payments provider reported third-quarter revenue of US$197.1 million, up seven per cent from a year earlier. The volume of transactions it processed increased 30 per cent for the period. Net income, however, dropped 54 per cent to end the quarter with US$13 million in profit. Its shares were up 4.46 per cent in afternoon trading. (The Logic)
Skip to content
The Montreal-based payments provider reported third-quarter revenue of US$197.1 million, up seven per cent from a year earlier. The volume of transactions it processed increased 30 per cent for the period. Net income, however, dropped 54 per cent to end the quarter with US$13 million in profit. Its shares were up 4.46 per cent in afternoon trading. (The Logic)
Talking point: The company had tempered expectations last quarter by lowering its outlook for the year, citing “higher volatility and lower volume in digital assets and cryptocurrencies, and a more cautious view of the macroeconomic environment.” Nuvei is maintaining its cautious outlook for the rest of 2022. It expects US$117 billion to US$121 billion in total payments volume and between US$820 million and US$850 million in revenue. Despite Thursday’s uptick, Nuvei shares have dropped more than 50 cent this year, underperforming the overall market.
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
A tech firm born from post-Brexit trade chaos sets its sights on Canada
Briefing
Dozens of Canadian researchers join chorus of scientists calling for a global AI oversight
TC Energy strikes deal with Indigenous groups for ownership stake in Coastal GasLink pipeline
Canada’s Tailscale taps Google Moonshot alum to lead sovereign AI push
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.
