Priority Technology Holdings Inc (NASDAQ: PRTH) saw its stock plummet 5.92% in pre-market trading on Thursday following the release of its third-quarter financial results. The company's performance fell short of analyst expectations in key areas, prompting a negative reaction from investors.

The financial technology firm reported Q3 revenue of $241.439 million, representing a 6.34% increase year-over-year. However, this figure missed the analyst consensus estimate of $251.7 million by 4.09%. Additionally, Priority Technology's adjusted EBITDA for the quarter came in at $57.759 million, falling short of the $58.7 million expected by analysts.

Despite the misses, the company did show some positive results. Priority Technology's Q3 net income stood at $27.588 million, with a gross margin of 37.2%. The company also reported adjusted earnings per share of $0.28, beating the analyst consensus estimate of $0.26 by 6.87% and marking a 55.56% increase from the same period last year. Looking ahead, Priority Technology provided a full-year 2025 outlook, projecting revenue growth of 8-10% and adjusted EBITDA between $223 million and $228 million. However, these forward-looking statements were not enough to offset the immediate concerns raised by the Q3 performance shortfall.