The company now expects annual revenue of $427 million to $433 million, compared with its previous forecast of $400 million to $410 million. Analysts polled by FactSet had expected $406.7 million. Riskified said the higher outlook reflects stronger-than-expected revenue in the recent quarter and an additional increase based on business momentum.
Revenue for the three months ended Sept. 30 rose 41% to $115.2 million, topping Wall Street estimates of $103.4 million. Riskified’s loss narrowed to $1.31 million, or 1 cent a share, from $7.81 million, or 5 cents a share, a year earlier. Excluding one-time items, earnings were 7 cents a share, compared with analysts’ expectations of 3 cents.

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