2024-02-08 11:29:04 ET
Lightspeed Commerce Inc. (LSPD)
Q3 2024 Earnings Conference Call
February 08, 2024 08:00 A.M. ET
Company Participants
Gus Papageorgiou - Head of IR
Jean Paul Chauvet - CEO
Asha Bakshani - CFO
Conference Call Participants
Daniel Perlin - RBC
Andrew Bauch - Wells Fargo Securities
Andrew Jeffrey - Truist Securities
Thanos Moschopoulos - BMO Capital Markets
Josh Baer - Morgan Stanley
Dominic Ball - Redburn Atlantic
Tien-Tsin Huang - JP Morgan
Richard Tse - National Bank Financial
Timothy Chiodo - UBS
Unidentified Analyst - Barclays
Presentation
Operator
Good morning. My name is Christa and I will be your conference operator today. At this time I would like to welcome everyone to the Lightspeed Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, we will have a question-and-answer Session. [Operator Instructions]. Thank you. I would now like to turn the conference over to Gus Papageorgiou, Head of Investor Relations. You may begin.
Gus Papageorgiou
Thank you, operator. And good morning, everyone. Welcome to Lightspeed’s fiscal Q3 2024 conference call. Joining me today are JP Chauvet, Lightspeed’s Chief Executive Officer, and Asha Bakshani, our Chief Financial Officer. After prepared remarks, we will open it up for your questions.
We will make forward-looking statements on our call today that are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Certain material factors and assumptions were applied in respect of conclusions, forecasts, and projections contained in these statements. We undertake no obligation to update these statements, except as required by law. You should carefully review these factors, assumptions, risks, and uncertainties in our earnings press release issued earlier today, our third quarter 2024 results presentation available on our website, as well as in our filings with U.S. and Canadian Securities Regulators.
Also, our comments today will include adjusted financial measures, which are non-IFRS measures and ratios. These should be considered as a supplement to and not a substitute for, IFRS financial measures. Reconciliations between the two can be found in our earnings press release, which is available on our website, on SEDAR Plus, and on the SEC’s EDGAR system. And finally note that because we report in U.S. dollars, all amounts discussed today are in U.S. dollars unless otherwise indicated. With that, I will now turn the call over to JP.
Jean Paul Chauvet
Thank you Gus and welcome everyone. Lightspeed continues to deliver on its key objectives for the year and Q3. Our Unified Payments initiative helped us deliver revenue of 239.7 million up 27% year-over-year and above the high end of our previously established outlook of between 232 million to 237 million. Adjusted EBITDA of 3.6 million also came in stronger than our outlook of 2 million, this is our second consecutive quarter of positive adjusted EBITDA performance. ...
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Lightspeed Commerce Inc. (LSPD) Q3 2024 Earnings Call Transcript