Payoneer Global slides after suspending 2025 outlook

Payoneer Global

07/05/2025 13:48

** Payment processor Payoneer Global's PAYO.O shares slide 20% to $5.72 before the bell

** PAYO suspends previously issued FY 2025 outlook, citing current macroeconomic uncertainty

** "There are a broad range of potential outcomes, and as a company supporting cross-border businesses that may be negatively impacted, we face substantial risks which could impact our financial results" - PAYO

** About 40% of PAYO's revenue comes from helping customers sell into non-US markets

** 8 of 10 brokerages rate the stock "buy" or higher and 2 "hold"; median PT $12.50 - data compiled by LSEG

** As of last close, PAYO stock down 29% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))