HiPay Group (ALHYP) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 revenue rose 13% year-over-year to €17.7 million, with payment volume up 6% to €2.1 billion.

• Nine-month revenue increased 11% to €53.8 million, with payment volume up 4% to €6.5 billion.

• Growth driven by digital/iGaming sectors and strong performance in Southern Europe, especially Portugal and Italy.

Financial highlights

• Revenue to flows ratio improved to 0.82% in Q3 2024 from 0.77% in Q3 2023, reflecting higher average prices.

• Revenue outside France grew 17%, with flows outside France up 8%.

• Digital/iGaming sector, notably Betclic, showed continued growth.

Outlook and guidance

• Full-year 2024 revenue growth expected between 7% and 9%, exceeding €70 million.

• Operating and net profitability for 2024 projected at or above 2023 levels as a percentage of revenue.