Payoneer Global Inc. (NASDAQ:PAYO) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET

Company Participants

Michelle Wang - Vice President of Investor Relations
John Caplan - Chief Executive Officer
Bea Ordonez - Chief Financial Officer

Conference Call Participants

Darrin Peller - Wolfe Research
Mark Palmer - The Benchmark Company
Trevor Williams - Jefferies
Will Nance - Goldman Sachs
Chris Kennedy - William Blair

Operator

Good morning. Thank you for standing by. Welcome to Payoneer's Second Quarter 2024 Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise. Following the speakers' remarks, we will open the line for your questions. As a reminder, this conference call is being recorded.

I would now like to turn the call over to Michelle Wang, Payoneer's Vice President of Investor Relations. Please go ahead.

Michelle Wang

Thank you, operator. With me on today's call are Payoneer's Chief Executive Officer, John Kaplan; and Payoneer's Chief Financial Officer, Bea Ordonez.

Before we begin, I'd like to remind you that today's call may contain forward-looking statements which are subject to risks and uncertainties. For more information, please refer to our filings with the SEC which are available in the Investor Relations section of payoneer.com. Actual results may differ materially from any forward-looking statements we make today. These forward-looking statements speak only as of today and the company does not assume any obligation or intend to update them, except as required by law. In addition, today's call may include non-GAAP measures. These measures should be considered in addition to and not instead of GAAP financial measures. Reconciliation to the nearest GAAP measure can be found in today's earnings press release which is available on our website. Additionally, please note we have posted an earnings presentation supplement alongside our earnings press release on investor.payoneer.com. All comparisons made on today's call are on a year-over-year basis, unless noted otherwise.

With that, I'd like to turn the call over to John to begin.

John Caplan

Good morning everyone and thank you for joining us today. In September 2023 at our first Investor Day, we outlined our strategy to build the business-grade financial stack for global cross-border SMB. We committed to long-term durable revenue growth, expense discipline and expanding profitability. I'm proud to say that our plan is working. We are pursuing a significant opportunity and our record financial results for the first half of 2024 validate that we have both the right team and the right strategy to achieve our ambitious goals.