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Lightspeed narrows FY24 revenue view to $895M-$905M from $890M-$905M

Consensus $906.3M. Sees FY24 adjusted EBITDA break even or better. The company said, “To reflect the Company’s performance to date, Lightspeed is increasing the lower end of its Fiscal 2024 revenue outlook. The Company remains cautious on near term prospects due to a still uncertain macroeconomic environment and the pace of Unified Payments adoption in international markets. In addition, the fiscal fourth quarter is historically the Company’s weakest quarter for GTV performance. The success of the Company’s unified payments initiative to date has Lightspeed on track to achieve its expected 30-35% GPV as a percentage of GTV by the end of fiscal 2024.”

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