{"id":3826,"date":"2017-11-15T17:03:28","date_gmt":"2017-11-15T17:03:28","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=3826"},"modified":"2022-09-15T08:20:55","modified_gmt":"2022-09-15T14:20:55","slug":"earnings-review-pfs-report-strong-results-in-third-quarter","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/earnings-review-pfs-report-strong-results-in-third-quarter\/","title":{"rendered":"Earnings Review: PFs Report Strong Results in Third Quarter"},"content":{"rendered":"<p><strong>As PaymentFacilitator.com previously reported, Square released its earnings report <\/strong>last week<strong>, again beating analyst expectations. Following on the heels of that report, we take a look at how other companies that have embraced the payment facilitator approach fared during the last quarter.<\/strong><\/p>\n<p><strong>PayPal<\/strong>, which reported its 3Q earnings Oct. 19, attributed a strong performance to its reinvention as an open digital platform. The company reported a 22% increase in revenue to $3.24 billion. Total payments volume for the quarter was $114 billion over 1.9 billion transactions, the company said. Its GAAP net income was $380 million.<\/p>\n<p>Leading commerce platform <strong>Shopify<\/strong> reported on Oct. 31. Its total revenue for the quarter was $171.5 million, up 72% from last year. The company grew its gross payments volume to $2.4 billion, an increase from last year\u2019s $1.5 billion. It had a net loss of $9.4 million. The company also reported that Shopify Capital issued cash advances totaling $44.1 million to merchants during the third quarter.<\/p>\n<p>Several public companies supporting specific verticals also reported earnings recently:<\/p>\n<p><strong>Blackbaud<\/strong>, which provides a cloud-based software for non-profits, reported $195.5 million in GAAP revenue, an increase of 6.8% over last year. In its Oct. 25 announcement, it said it had a total GAAP net income of $12.5 million during the quarter. Nearly two-thirds of its total revenue is subscription revenue, the company said.<\/p>\n<p><strong>FTD Companies<\/strong>, a florist network, reported total revenues of $161.3 million on Nov. 8, which was down 6.7% from the previous year. The company\u2019s net loss for the quarter was $76.3 million.<\/p>\n<p><strong>RealPage<\/strong> provides software to the real estate industry. Its Nov. 2 <a href=\"http:\/\/investor.realpage.com\/news-and-events\/news-releases\/2017\/11-02-2017-200836954\">announcement<\/a> of 3Q earnings reported total revenue of $169.1 million, up 14% from last year. The company\u2019s net income increased 62% over last year to $6.8 million, it said.<\/p>\n<p>Self-service retail payments provider <strong>USA Technologies<\/strong> announced its first quarter fiscal year 2018 results on Nov. 8. Its revenue for the quarter was $25.6 million, up 19% year-over-year. This represented the 32<sup>nd<\/sup> consecutive quarter of growth, the company said. It reported a net loss of $0.2 million and processed $239.2 million in transaction volume, an increase over $183.4 million compared to the same time last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As PaymentFacilitator.com previously reported, Square released its earnings report last week, again beating analyst expectations. Following on the heels of that report, we take a look at how other companies that have embraced the payment facilitator approach fared during the last quarter.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[103,246,331,658,740,793,828,933],"class_list":["post-3826","post","type-post","status-publish","format-standard","hentry","category-archive","tag-blackbaud","tag-earnings","tag-ftd","tag-paypal","tag-realpage","tag-shopify","tag-square","tag-usa-technologies"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=3826"}],"version-history":[{"count":8,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3826\/revisions"}],"predecessor-version":[{"id":8901,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3826\/revisions\/8901"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=3826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=3826"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=3826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}