Paymentus (PAY) - 2023 Q3 - Earnings Call Transcript
Paymentus (PAY)2023-11-07 11:02
Contribution margin was 40.3% for the third quarter compared to 39.9% in the prior year period. As previously noted, contribution profit in the third quarter surpassed our expectations. This outperformance was primarily due to 2 factors. First, we saw some improvement in the Energy Services Consumer Price Index, or CPI, during the quarter that we didnÂ't originally anticipate. Second, we experienced some favorable unexpected seasonality from several newly implemented billers. We expected to see the favorabl ...