Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Shares of Pluxee (EPA:PLX) jumped over 8% on Thursday after the company reported third-quarter fiscal 2025 revenue of €310 million, up 11.1% organically from a year earlier.
Reported growth was 4.3%, reflecting a 10.3% currency headwind and a 3.6% positive scope impact, the company said.
Operating revenue rose to €270 million, also up 11.1% organically and 5.4% reported. Employee Benefits drove growth, generating €234 million in operating revenue, a 12.8% organic increase.
Other Products & Services contributed €36 million, with 0.5% organic growth and a 1.7% decline in reported terms.
Float revenue reached €39 million, marking 10.8% organic growth. The company cited a larger float base and improved investment yields.
Reported float revenue declined 2.2%, impacted by a 17.1% currency effect and offset by a 4.2% scope effect.
By geography, Latin America recorded €106 million in operating revenue, with organic growth of 13.6% and reported growth of 3.4%.
Brazil led performance in the region, supported by the Santander (BME:SAN) partnership and a public contract recovery in Chile.
In Continental Europe, operating revenue was €120 million, up 8.8% organically and 11.5% reported, aided by easing base effects and a 2.8% scope effect.
The Rest of the World segment delivered €45 million, growing 11% organically. Reported revenue fell 4.3%, weighed by currency impacts in Türkiye.
Total (EPA:TTEF) business volumes issued reached €5.7 billion in the quarter, bringing the nine-month total to €18.8 billion, up from €18.3 billion a year earlier.
Employee Benefits accounted for €4.6 billion in third-quarter volumes, up 6.7% organically. Over nine months, volumes totaled €14.2 billion, a 9% organic increase excluding one-off impacts in Belgium.
Other Products & Services recorded €1.2 billion in quarterly volumes and €4.7 billion over nine months, with gains in Chile offset by contract timing in Belgium and Romania.
The company signed an agreement to acquire MyBenefits in Romania, subject to regulatory approval.
The deal will be financed through existing resources. Pluxee also advanced integration of Cobee in Spain and Benefício Fácil in Brazil. Its partnership with Santander in Brazil is fully operational.
Pluxee confirmed its fiscal 2025 outlook, targeting low double-digit organic revenue growth and a 150-basis-point recurring EBITDA margin expansion at constant fiscal 2024 rates.
Targets for fiscal 2026 remain unchanged, including further organic revenue growth, a 75-basis-point margin increase, and a recurring cash conversion rate above 75% on average from fiscal 2024 to 2026. Float revenue is expected to grow by low double digits organically in fiscal 2025.