Industry News

Nuvei Corporation Announces Q1 2022 Results

Published

3 years ago

May 11, 2022

Niji Narayan

Reading Time: < 1 minute

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.”

Related Topics:financial results Nuvei Corporation Philip Fayer

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.