Nayax Ltd. reported its third quarter 2024 financial results, achieving total revenue of $83 million, marking a 38% increase year-over-year. This quarter also represented a significant milestone for the company, as it reported positive net income for the first time, reaching $0.7 million.
The company's Adjusted EBITDA for the third quarter reached a record $11.1 million, demonstrating improved operational efficiency. Management revised its full-year 2024 revenue outlook to a range of $315 million to $320 million, which represents a 35% growth at the midpoint.
Nayax reaffirmed its Adjusted EBITDA guidance for 2024, expecting it to be between $30 million and $35 million, along with maintaining its projection for positive free cash flow. These results highlight the company's progress in driving profitable growth and expanding its market presence.
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