Payoneer Global Inc. (PAYO) shares surged 7.08% in pre-market trading on Wednesday following the release of its impressive third-quarter results and an upward revision of its full-year 2025 guidance. The company, which provides cross-border payment solutions, demonstrated strong performance across key metrics, surpassing analyst expectations.

The financial technology firm reported Q3 revenue of $270.9 million, beating the consensus estimate of $263.37 million from 10 analysts. Revenue excluding interest income grew by 15% year-over-year, driven by a 9% increase in volume and significant take rate expansion with SMB customers. Payoneer's average revenue per user (ARPU) excluding interest income also saw a substantial 22% year-over-year growth, attributed to larger customers and strategic pricing initiatives.

In light of these strong results, Payoneer raised its 2025 revenue guidance to between $1,050 million and $1,070 million, up from previous estimates. The company also increased its 2025 adjusted EBITDA guidance to $270 million - $275 million. This optimistic outlook, coupled with record quarterly performance, has fueled investor confidence and contributed to the stock's pre-market rally. Additionally, Payoneer reported record spend of $1.6 billion on its cards, a 19% year-over-year increase, further underlining the company's growth trajectory and expanding market presence.