The weak Q3 results have led to the company lowering its guidance for FY21, and it now expects revenues between $1.47 billion and $1.48 billion from its prior outlook in the range of $1.53 billion to $1.55 billion. The company underlined some of the headwinds for the Digital Wallet segment at its Q3 earnings call including softer European sports betting activity, and regulatory headwinds in Germany and the Netherlands. This segment includes brands like NETELLER and Skrill. The digital wallet segment saw revenues decline 15% year-over-year to $83.7 million in Q3. The company operates across three business segments including its Digital Wallet segment, eCash Solutions, and Integrated Processing segment.
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