Sunday, June 1, 2025

Latest

Nuvei Exceeds Q2 2021 Estimates With US$178.2 Million In Revenue

Nuvei Corporation (TSX: NVEI) announced this morning its Q2 2021 financial results, which saw the company post US$178.2 million in revenue. This is an increase from Q2 2020’s revenue of US$83.3 billion.

The quarterly revenue also exceeds Canaccord Genuity’s outlook ranging between US$153 million and US$159 million. The e-payment platform attributes the growth to the increase in quarterly volume from US$8.9 billion last year to US$21.9 billion this year, 84% of which comes from e-commerce.

The company recorded US$38.9 million in net income for the quarter, up from last year’s US$14.0 million. This translates to US$0.26 earnings per diluted share.

Corollary, adjusted EBITDA for the quarter came in at US$79.4 million, an increase from last year’s US$37.4 million. This figure also exceeded the previously announced outlook that ranged between US$66 million and US$70 million.

The firm ended the quarter with US$533.7 million in cash from a balance of US$180.7 million at the start of the quarter. The quarterly inflow is heavily influenced by US$300.0 million in proceeds from loans and borrowings. The balance sheet also recorded a total current liabilities balance of US$734.7 million.

The fintech firm also upsized its full-year 2021 financial outlook: total annual volume between US$88 billion and US$91 billion, annual revenue between US$690 million and US$705 million, and adjusted EBITDA between US$295 million and US$305 million. To date, the company has US$42.5 billion in total volume, US$328.7 million in revenue, and US$144.8 million in adjusted EBITDA.

Nuvei Corp last traded at $103.51 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

Recommended

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Canadian Copper: The $172M Combined Strategy PEA

Related News

BMO Upgrades Nuvei To Outperform After Short Seller Report

This past week, Spruce Point Capital Management released a report on Nuvei Corporation (TSX: NVEI),...

Sunday, December 12, 2021, 01:05:00 PM

Nuvei Partners With Visa to Launch Crypto-Friendly Debit Cards

Payments company Nuvei (TSX: NVEI) has partnered with Visa (NYSE: V) to create a new...

Tuesday, December 14, 2021, 10:16:00 AM

BMO: Nuvei Expected To Record Net Revenues Of $97 Million In Q3 2020

This morning, BMO Capital Markets released a note to investors updating their forecast and model...

Wednesday, November 4, 2020, 11:26:38 AM

Nuvei Addresses Spruce Point Report: “Intentionally Misleading”

On the same day Spruce Point Capital Management released its detailed report on the firm,...

Thursday, December 9, 2021, 11:16:00 AM

Ryan Reynolds Sued For “Investing” In Nuvei

UPDATE: Apparently the case has been dropped, with the firm behind the class action, LPC...

Thursday, April 20, 2023, 03:07:00 PM