Lightspeed cuts FY25 revenue y/y growth outlook to ~18% from ~20%

Since reporting third quarter Fiscal 2025 results on February 6, 2025, several macroeconomic conditions have deteriorated, primarily due to heightened inflationary pressures, increased job insecurity, and weakened consumer confidence, impacting discretionary spending among consumers. This shift has led to a decline in same-store sales through February and March to date. In addition, declining small business optimism is dampening new business formation. As a result of these factors, Lightspeed (LSPD) experienced significant pressure on transaction-based revenue and, to a lesser extent, on subscription revenue. Lightspeed is revising its Fiscal 2025 revenue outlook to reflect year-over-year growth of ~18%, from the previously expected ~20%, primarily due to these impacts on transaction-based revenue. Despite the macroeconomic headwinds, the Company remains focused on profitable growth and is proactively managing costs. Lightspeed continues to expect Fiscal 2025 Adjusted EBITDA of over $53 million. The Company will remain agile in navigating the evolving environment while continuing to execute on its core strengths-delivering innovative commerce solutions, empowering merchants, and driving long-term value for stakeholders.