Shares of Payoneer Global Inc. (NASDAQ: PAYO) plummeted 6.73% in pre-market trading on Wednesday following the release of its first-quarter 2025 financial results and the suspension of its full-year guidance. The global financial technology company, which powers business growth across borders, reported mixed results that fell short of analysts' expectations in some key areas.
Payoneer's earnings per share (EPS) for Q1 2025 came in at $0.05, missing the analyst consensus estimate of $0.06 to $0.07. This represents a 37.5% decrease compared to earnings of $0.08 per share in the same period last year. On the revenue front, the company reported $246.62 million, slightly beating the analyst consensus estimate of $244.51 million. This marks an 8.08% increase over sales of $228.18 million in the same period last year.
The most significant factor contributing to the stock's pre-market plunge was Payoneer's decision to suspend its previously issued full-year 2025 guidance. Citing current macroeconomic uncertainty, the company stated that there are "a broad range of potential outcomes" and that it faces "substantial risks which could impact our financial results." This move has sparked concerns among investors about the company's near-term growth prospects and its ability to navigate the challenging global economic environment.
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