Lightspeed Commerce Inc T.LSPD

New Press Release - Lightspeed Announces Third Quarter 2024 Financial Results

Total revenue of $239.7 million grew 27% year-over-year and surpassed previously-established outlook Net loss and Adjusted EBITDA1 improved to ($40.2) million and $3.6 million, respectively Lightspeed's Unified Payments initiative helped deliver GPV of $6.6 billion, an increase of 69...read article.

[equityresearch]

Revenue grew 27%, ARPU grew 28%, GPV grew 69%. These are key indicators which show the potential of Lightspeed.

[ol_griz]

For the life of me I can not understand the depth of this fall.  The market usually reacts poorly to a loss regardless of whether it's in line with company guidance or not but this beating seems absurd to me.  What were people (and by volume, institutions) thinking? Comments on the quarter?  Explanation?

[buttertart]

Because it's rigged.