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ALPHARETTA, Ga. - Priority Technology Holdings, Inc. (NASDAQ:PRTH) reported first quarter 2025 earnings that exceeded analyst expectations on Tuesday.
The company’s stock was up 2.11% in premarket trading following the release.
The payments and banking fintech company posted adjusted earnings per share of $0.22, surpassing the analyst consensus estimate of $0.10 by $0.12. Revenue came in at $224.6 million, up 9.2% year-over-year but slightly below the $227.52 million analysts were expecting.
"Strong first quarter growth in revenue and profits continues to demonstrate the value of our Priority Commerce Engine," said Tom Priore, Chairman & CEO of Priority.
The company’s adjusted EBITDA rose 10.7% to $51.3 million compared to the same period last year. Priority also reaffirmed its full-year 2025 guidance, forecasting revenue between $965 million to $1 billion, representing 10-14% growth over 2024.
The company cited growth across its SMB Acquiring, B2B Payables and Enterprise Payments segments as key drivers of its first quarter results. Priority processed approximately $17.7 billion in total card payment volume during the quarter, up from $17.1 billion in Q1 2024.
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