- Following its mixed Q3 (EPS beat, revenue missed), NASDAQ:QIWI is reiterating guidance for 18%-22% full-year ruble-based revenue and net profit growth. The revenue growth consensus is at 20.4%.
- On a ruble basis, payment adjusted net revenue rose 5% Y/Y to RUR1.84B ($27.7M), and other adjusted net revenue (inactivity fees, interest, currency swaps, etc.) rose 11% to RUR693M ($10.5M). Net revenue yield fell to 0.93% from Q2's 1.24% and Q3 2014's 1.45%, due to the Contact and Rapida acquisitions.
- Remittance payment revenue rose strongly Y/Y with the help of the acquisitions, while financial services revenue (hurt by macro issues) fell sharply. Telecom payment revenue fell, and e-commerce and other payments revenue rose.
- SG&A spend rose 42% Y/Y to RUR877.6M ($13.3M). Qiwi ended Q3 with $229M in cash, $44M in debt instruments, and $1M in loans.
- Q3 results, PR