Payoneer Global Inc (PAYO)

[mick]

courtesy of $payo Along with the improved revenue picture, Payoneer has seen a reduction in the transaction costs. The prior forecast was for net revenues of $333 million to $359 million now. For this reason, the adjusted EBITDA target has grown $15 million to capture a large portion of the net revenue hike. Not many businesses are able to drop 100% of upside revenue guidance to the bottom line, as most sales boosts come at additional costs to either sales rep commissions or marketing expenses.