Riskified (rskd) Shares Skyrocket 21.8% On This Catalyst
Riskified Ltd. (NYSE:RSKD) is on the AI Stocks Dominating List of Biggest Winners.
Riskified soared by 21.82 percent on Wednesday to finish at $10.33 apiece, after reporting an improved earnings performance in the third quarter of the year, with net losses nearly wiped out and revenues soaring by mid-double digits.
In an earnings call during the day, the listed fraud and risk intelligence firm said that it was able to slash its net loss by 83 percent to $1.3 million from $7.8 million in the same period last year.
Photo by Alesia Kozik on Pexels
Revenues increased by 41 percent to $115.2 million from $81.86 million year-on-year, driven by continued new merchant and upsell activity.
Billings in the digital finance category grew more than 300 percent year-on-year, thanks to new merchants onboarded in the second quarter, with upsell activity across its existing base.
In addition, the electronics, general, and home verticals collectively grew by 12 percent in the same comparable period.
Following the results, Riskified Ltd. (NYSE:RSKD) raised its revenue growth guidance for full-year 2026 to a range of $427 million to $433 million, versus its previous outlook of $400 million to $410 million.
“This reflects the flow-through of our third-quarter revenue outperformance, as well as an incremental raise to our outlook based on the momentum we are seeing in the business,” it said.
Adjusted EBITDA is now anticipated at $39 million to $43 million, up from $33 million to $39 million previously.
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