Nuvei Corporation Announces Q1 2022 Results

Nuvei Corporation has reported its financial results for the three months ended 31 March 2022.

“We had a strong start to the year, with financial results that exceeded our financial outlook for the quarter,” said Philip Fayer, Nuvei’s chair and CEO.

“Total volume, revenue and adjusted EBITDA grew 42 per cent, 43 per cent and 40 per cent respectively over the first quarter of 2022, as we continued advancing our strategic initiatives.

“It was an excellent quarter despite revenue headwind of $7m from unfavourable changes in foreign exchange rates year-over year. The prospects for our business are strong and we are very well positioned for sustainable and profitable growth.

“We remain intently focused on our key priorities and reiterate both our financial outlook for 2022 and our medium and long-term targets.”