- Shift4 Payments, Inc FOUR reported second-quarter FY22 gross revenue growth of 44% year-on-year to $506.7 million, beating the consensus of $479.5 million. Gross revenue minus network fees was up 34% Y/Y to $182.6 million.
- End-to-end payment volume climbed 43% Y/Y to $16.9 billion.
- Adjusted EPS of $0.33 beat the consensus of $0.24.
- Adjusted EBITDA improved 45% Y/Y to $65.6 million. The margin expanded 600 bps Q/Q to 36%.
- Shift4 generated $47.9 million in operating cash flow and held $1.02 billion in cash and equivalents.
- Outlook: Shift4 reiterated FY22 revenue guidance of $1.9 billion - $2.0 billion versus the consensus of $1.99 billion.
- It raised adjusted EBITDA guidance to $255 million - $265 million from $240 million- $250 million.
- Price Action: FOUR shares traded higher by 8.22% at $43.83 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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