Nuvei， a Canadian fintech company， has published its Q3 report for the months ending 30 September 2023.

Revenue from the company increased 55% to $304.9m， with organic revenue growth of 13% to $223.3m when compared year-on-year.

When examined by the different regions， the revenue in North America increased by 100% to $167m.

In Europe， the Middle East and Africa， revenue increased 17% to $123m and Asia Pacific increased 67% to $2m.

As for Latin America， this region saw an 81% increase in revenue to $14m.

A chart breaking down revenue by region for Nuvei.

The total volume was reported to be $48.2bn， an increase of 72% YoY， with 88% of all total volume coming from eCommerce.

Gross profit increased 57% YoY to $249m， while the gross margin increased by 1%.

However，Online Casino Games while net income was $13m， net loss was $18.1m; reportedly due to the Nuvei revolving credit facility and changes in foreign currency exchange.

When it came to adjusted net income， this also decreased by 9% to $56.8m. The net loss margin was 5.9%， compared to the net income margin of 6.6%.

Adjusted EBITA increased by 36% YoY to $110.7m， while gaining a +40bps margin when compared quarter-on-quarter.

The Selling， General and Administrative (SG&A) divisions saw a 46% increase in expenses， totalling $217m.

The majority of this can be attributed to the acquisition of Paya， which was completed in February for $1.3bn in an all-cash deal， but is still contributing towards employee compensation and depreciation costs.