Profit and revenue up for Nuvei in the fourth quarter

(Montreal) The Montreal company Nuvei recorded a profit of 14.1 million US dollars in the fourth quarter, up compared to the 9.4 million US dollars generated a year earlier.


The payments technology company, which reports results in US dollars, on Tuesday reported revenue of US$321.5 million for the quarter ended December 31, up from US$220.3 million in the same quarter. in 2022.

Diluted earnings per share rose to eight cents, compared to six cents a year earlier.

The company reported a full-year loss of US$696,000, compared to a profit of US$62 million in 2022.

In 2023, revenue reached US$1.2 billion, up from US$843.3 million in 2022.

Nuvei says it is taking a cautious approach in 2024, balancing optimism for its business against macroeconomic uncertainties.


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