Paymentus Holdings, Inc. ( (PAY) ) has released its Q4 earnings. Here is a breakdown of the information Paymentus Holdings, Inc. presented to its investors.
Paymentus Holdings, Inc. is a prominent provider of cloud-based bill payment technology, serving over 2,500 billers and financial institutions across North America with its omni-channel platform.
In its latest earnings report, Paymentus announced significant financial achievements for the fourth quarter and full year of 2024, showcasing robust growth in revenue and profitability. The company reported a 56.5% increase in quarterly revenue year-over-year, alongside a notable rise in adjusted EBITDA by 36.9%.
Key financial metrics for the fourth quarter of 2024 include a record revenue of $257.9 million, driven by an increase in billers and transactions, and a gross profit of $66.0 million, marking a 33.4% increase from the previous year. The company also saw a 30.0% rise in contribution profit and a 33.0% increase in processed transactions, totaling 166.0 million for the quarter. For the full year, Paymentus achieved $871.7 million in revenue, a 41.9% increase, with adjusted EBITDA reaching $94.2 million, reflecting a 62.2% growth.
Looking ahead, Paymentus remains optimistic about its growth prospects for 2025, supported by strong bookings and backlog. The company is poised to continue executing its strategic goals, aiming for sustained growth in the coming year.
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