Second Quarter 2023 Earnings Conference Call
Payment Services, PR and Caribbean Q2 2023
(in USD mm, except per share)
Revenue
Adjusted EBITDA (¹)
Adjusted EBITDA margin
Q2 2023
$50.8
$29.2
57.5%
Y-o-Y%
10%
22%
560bps
Revenue increase was driven by strong transaction growth and continued growth in ATH Movil Business.
Revenue continues to benefit from issuing services provided to Health Care as well as increases in
transaction processing and monitoring services provided to the LATAM Segment.
▪ The increase in margin was due to leverage off the strong revenue, and the impact in the prior year of a
$4.1 million impairment loss on a multi-year software.
(1) Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are compared with prior year recast figures. See Non-GAAP reconciliation summary in appendix, p.20-21 for current year reconciliation and prior
year recast figures.
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