Q3 2025 Lightspeed Commerce Inc Earnings Call Transcript
Key Points
- Lightspeed Commerce Inc (LSPD) achieved a 17% year-over-year revenue growth, aligning with their previously established outlook.
- The company reported a significant increase in payments penetration, rising from 29% to 38% compared to the same quarter last year.
- Lightspeed Commerce Inc (LSPD) raised its adjusted EBITDA outlook for the fiscal year to over $53 million, more than 30% higher than the initial outlook.
- The company announced a share repurchase program to return up to $400 million in cash to shareholders, indicating strong confidence in its financial position.
- Lightspeed Commerce Inc (LSPD) has successfully launched several new initiatives, contributing to a 9% year-over-year software revenue growth, the highest in the last nine quarters.
- Same-store sales in retail remain challenged across many verticals, although the rate of decline is easing.
- The strengthening US dollar is putting downward pressure on non-US dollar-denominated revenue, posing a headwind for the company.
- The company's fiscal fourth quarter is seasonally the weakest for GTV performance, which may impact overall financial results.
- There is a delay in realizing the benefits of the December restructuring, as it will take time to ramp up new hires in growth markets.
- Despite the increase in payments penetration, the quarter-to-quarter growth was closer to 1%, attributed to seasonality, which may affect the pace of reaching the year-end target.
Thank you for standing by. My name is Gail, and I will be your conference operator today. At this time, I would like to welcome everyone to the Lightspeed third quarter 2025 earnings call. (Operator Instructions)
I will now turn the call over to Gus Papageorgiou, Head of Investor Relations. Please go ahead.
Thank you, operator, and good morning, everyone. Welcome to Lightspeed's fiscal Q3 2025 conference call. Joining me today are Dax Dasilva, Lightspeed's Founder and CEO; Asha Bakshani, our CFO; and J.D. Saint-Martin, our President. After prepared remarks from Dax and Asha, we will open it up for your questions.
Before I provide some important information and disclaimers, please note that there will be a slide presentation that accompanies the initial portion of Dax's comments this morning. You can find the link to the webcast on our IR site.
We will make forward-looking statements on our call today that are subject to risks and uncertainties that could cause
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