Payward’s revised Q2 calculation puts adjusted revenue at $498 million, $10 million below the earlier figure.
Payward’s revised Q2 calculation puts adjusted revenue at $498 million, $10 million below the earlier figure. The change concerns minor revenue deductions that had previously been included in operating expenses.
Under Total Platform Margin (TPM), Payward removes trading costs and staking rewards paid to clients. Its earlier adjusted-revenue calculation removed trading costs but left those rewards in the measure.
For the third quarter, Payward reported $487 million in TPM and $60 million in adjusted EBITDA. The Q2 adjusted-revenue figure and Q3 TPM use different calculations.
EconoTimes previously covered Payward’s third-quarter platform results.
