Categories Earnings, Finance

QIWI (QIWI): Q3 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— QIWI plc (NASDAQ: QIWI) reported Q3 2019 earnings of RUB 30.30, or $0.47 per share, vs. $0.33 expected.

— Adjusted revenues grew 15% to RUB 5,993 million, or $93 million, vs. $88 million expected.

— Payment Services segment net revenue increased 29% to RUB 5,484 million, or $85.1 million.  

— Total Payment Services volume increased 32% to RUB 391.3 billion, or $6.1 billion.

— FY19 adjusted net revenue is expected to increase by 15-19% over 2018.  

— QIWI shares gained 4% immediately following the announcement.

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