Revenue GuidanceManagement lowered full year core revenue guidance to $1,290-$1,300M from $1,297-$1,312M due to macroeconomic headwinds.
Spending ReductionThe volatile macro environment has started to impact small and medium-sized businesses' spending volumes, resulting in a decline in TPV per customer by 2% year-over-year.
Transaction VolumeReduced SMB discretionary spend is starting to impact TPV, leading management to lower its FY25 guide due to the lower transaction volumes.