08:13:52 EDT Sat 12 Jul 2025
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Lightspeed Commerce Inc
Symbol LSPD
Shares Issued 147,486,335
Close 2025-03-21 C$ 15.22
Market Cap C$ 2,244,742,019
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Lightspeed braces for softer fiscal 2025 revenue

2025-03-24 09:01 ET - News Release

Ms. Asha Bakshani reports

LIGHTSPEED UPDATES FISCAL 2025 FINANCIAL OUTLOOK

Lightspeed Commerce Inc. has provided an update on its financial outlook for the fiscal year ending March 31, 2025. All dollar amounts are in United States dollars.

The following outlook supersedes all prior statements made by the company and reflects current expectations.

Since reporting third quarter fiscal 2025 results on Feb. 6, 2025, several macroeconomic conditions have deteriorated, primarily due to heightened inflationary pressures, increased job insecurity and weakened consumer confidence, impacting discretionary spending among consumers. This shift has led to a decline in same-store sales through February and March to date. In addition, declining small-business optimism is dampening new business formation. As a result of these factors, Lightspeed experienced significant pressure on transaction-based revenue and, to a lesser extent, on subscription revenue.

Lightspeed is revising its fiscal 2025 revenue outlook to reflect year-over-year growth of approximately 18 per cent, from the previously expected approximately 20 per cent, primarily due to these impacts on transaction-based revenue. Despite the macroeconomic headwinds, the company remains focused on profitable growth and is pro-actively managing costs. Lightspeed continues to expect fiscal 2025 adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of over $53-million. The company will remain agile in navigating the evolving environment while continuing to execute on its core strengths -- delivering innovative commerce solutions, empowering merchants and driving long-term value for stakeholders.

The company looks forward to hosting its capital markets day on Wednesday, March 26, 2025, at the New York Stock Exchange, where it will present its three year strategy and transformational journey.

About Lightspeed Commerce Inc.

Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional omnichannel customer experiences. The company's cloud commerce solution transforms and unifies on-line and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

With teams across North America, Europe and Asia-Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

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