Nayax Ltd (NYAX) shares tumbled 5.70% in pre-market trading on Wednesday following the release of its third-quarter earnings report, which fell short of analyst expectations. The company, which specializes in cashless payment solutions, reported disappointing results and reduced its full-year revenue guidance, prompting investor concern.

According to the earnings release, Nayax posted quarterly earnings of $0.09 per share, significantly missing the analyst consensus estimate of $0.23 by 59.11%. While this represents a substantial increase from $0.02 per share in the same period last year, the shortfall against expectations has clearly rattled investors. Revenue for the quarter came in at $104.280 million, falling short of the expected $109.597 million by 4.85%. Despite the miss, this still marks a 25.63% increase compared to the $83.005 million reported in the same quarter of the previous year.

Adding to the negative sentiment, Nayax lowered its full-year 2025 revenue guidance to a range of $400 million to $405 million on a constant currency basis, down from the previous projection of $410 million to $425 million. This reduction in outlook suggests potential challenges in the company's growth trajectory, which is likely contributing to the pre-market sell-off. As investors reassess Nayax's near-term prospects in light of these results, the stock's sharp decline reflects growing uncertainty about the company's ability to meet market expectations in the coming quarters.