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Nuvei (NVEI) investor relations material

Nuvei has been acquired by Advent Technologies Holdings Inc

Nuvei Q3 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2024 earnings summary11 Nov, 2024

Executive summary

  • Total volume grew 27% year-over-year to $61.3B in Q3 2024; revenue up 17% to $357.6M, reflecting rapid business scaling and global expansion investments.

  • Net income turned positive at $17.2M from a net loss of $18.1M in Q3 2023; adjusted EBITDA decreased 2% to $108.8M.

  • Pending take-private transaction by Advent International at $34/share, valuing Nuvei at $6.3B, is expected to close in Q4 2024.

  • Over 300 new roles being added across product, technology, and commercial teams to support growth.

Financial highlights

  • Q3 2024 revenue: $357.6M (+17% YoY); nine-month revenue: $1,038.2M (+20% YoY).

  • Q3 net income: $17.2M (vs. $-18.1M YoY); nine-month net income: $17.8M (vs. $-14.8M YoY).

  • Adjusted EBITDA for Q3: $108.8M (-2% YoY); nine months: $340.4M (+7% YoY).

  • Adjusted net income per diluted share for Q3: $0.34 (-13% YoY); nine months: $1.16 (-4% YoY).

  • Cash dividends declared YTD: $42.3M; additional $0.10/share dividend authorized, subject to transaction timing.

Outlook and guidance

  • No financial outlook or growth targets provided due to the pending take-private transaction.

What are the remaining regulatory approvals needed?
Explain Q3 Adjusted EBITDA year-over-year decline.
What is the indirect ownership of Rollover Shareholders?
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