Turning to our regional performance, bidding grew across all regions during the first quarter, driven by a combination of new logo wins and upsell activity. The United States, our largest region, grew 10% year-over-year, returning to positive growth. APEC grew 15%, and is expected to accelerate as the year progresses. Other Americas grew approximately 11%, and EMEA delivered approximately 11% growth, supported by same-store sales performance in the tickets and travel vertical.

May 13, 2026 / receipt, needs a key / Agi Gocheva, CFO | earnings call 2026-05-13 | transcript 38ea967f-5f82-4ae1-b8b0-fcdda888a0e6 | chars 11942-12423 | segment 12

EMEA grew approximately 18% year over year, with the strongest performance concentrated in our money transfer and payments, tickets and travel, and fashion and luxury verticals, supported by both new business and upsell momentum.

Mar 4, 2026 / receipt, needs a key / Aggie Dolceva, CFO | earnings call 2026-03-04 | transcript 8391fc71-7db2-4a22-b1b1-e7c9955deafb | chars 19662-19891 | segment 20

In the United States, revenue declined 12% year-over-year, primarily as a result of the contraction in our home category. Encouragingly, we continue to grow across all of our other regions. During the third quarter, APEC grew approximately 55% year-over-year, while other Americas, which represent Canada and Latin America, grew approximately 18% year-over-year, primarily driven by momentum in new business and upsell activity, with particular strength in the travel to vertical. EMEA grew approximately 19% year-over-year, with the strongest performance concentrated in our fashion and luxury, tickets and travel, and money transfer and payments verticals, supported by both new business and upsell momentum.

Nov 12, 2025 / receipt, needs a key / Agi Doceva, CFO | earnings call 2025-11-12 | transcript b5abd6d6-2a93-420f-a839-eb9b9b282637 | chars 10567-11277 | segment 10

Our two largest categories, tickets and travel, and fashion and luxury, age grew in the mid-teens range year over year, driven primarily by strong new business wins and upsell activity.

May 14, 2025 / receipt, needs a key / Agi Docheva, CFO | earnings call 2025-05-14 | transcript 4e387934-5002-44d7-8934-5d84b4ed360a | chars 8374-8559 | segment 8

And just to give you an example, when I think about some of the strengths that we showed this quarter came from travel. And while we heard a lot of companies and a lot of airlines kind of sharing weaker demands in travel, even some companies suspended guidance, we saw the opposite. Actually, for travel for us was a very strong category. We saw a lot of growth there. And some of the nuances there that we have made a stronger presence in Europe. Maybe we were able to support kind of like some of the consumer preference change to travel outside of the U.S. But this is just one example.

May 14, 2025 / receipt, needs a key / Eitan Jankelewitz, CFO | earnings call 2025-05-14 | transcript 4e387934-5002-44d7-8934-5d84b4ed360a | chars 23684-24273 | segment 23

So when we reported in Q2, in August early in August, we talked about some trends that we've seen around travel and fashion. And I was actually pleasantly surprised at the end of the quarter, things reversed a bit, especially in the live events space, but also in travel. things turned out to be much more active than we thought.

Nov 13, 2024 / receipt, needs a key / Sam, CEO | earnings call 2024-11-13 | transcript 0be83233-caa2-482a-88af-3a3dd47250c7 | chars 25394-25723 | segment 26

And the primary reason for this category compared to, for this geo compared to other geos is really the weighting of the industries of some of the merchants there. Like we do have a composition of merchants in EMEA with a high weighting from fashion, from travel. And these are the categories that I called out as being softer and impacting kind of the numbers.

Aug 14, 2024 / receipt, needs a key / CFO, CFO | earnings call 2024-08-14 | transcript cdbd1ed3-1bb9-4756-8d9c-6dafc5a76af3 | chars 38552-38913 | segment 39

This is primarily impacting our high-end fashion, tickets and travel, and home industries.

Aug 14, 2024 / receipt, needs a key / Agido Cheva, CFO | earnings call 2024-08-14 | transcript cdbd1ed3-1bb9-4756-8d9c-6dafc5a76af3 | chars 4427-4517 | segment 4

In addition, our tickets and travel vertical grow 8% in the second quarter, primarily due to new business activity. We're now expecting softer trends in this category in the second half of the year.

Aug 14, 2024 / receipt, needs a key / Agido Cheva, CFO | earnings call 2024-08-14 | transcript cdbd1ed3-1bb9-4756-8d9c-6dafc5a76af3 | chars 10330-10528 | segment 10

But just to recap, you know, kind of what we mentioned, based on some of the earnings from some of the clients, the public clients that we work with, everyone's kind of expecting a slower back half of the year, especially around fashion, travel. sneakers, the home category.

Aug 14, 2024 / receipt, needs a key / CEO, CEO | earnings call 2024-08-14 | transcript cdbd1ed3-1bb9-4756-8d9c-6dafc5a76af3 | chars 23832-24106 | segment 24

In particular, we saw continued softness within high-end fashion across all geographies, excluding APEX, and softer than expected performance with travel merchants in EMEA. This contributed to a minus 4% year-over-year decline in the region in the first quarter, but we're still expecting growth for the year.

May 15, 2024 / receipt, needs a key / Aggie Docheva, CFO | earnings call 2024-05-15 | transcript 7fb3de48-52d7-4a71-b37e-183209c92483 | chars 8946-9255 | segment 8

Yeah, so overall we've seen kind of Europe being softer compared to the rest of the regions. As I mentioned, we're looking at where the merchant is headquartered, but we've seen this across kind of a number of areas, a number of merchants, specifically kind of like the two areas that are highlighted here. around travel and high-end fashion. This is where we've kind of seen some softness.

May 15, 2024 / receipt, needs a key / Agnes, other | earnings call 2024-05-15 | transcript 7fb3de48-52d7-4a71-b37e-183209c92483 | chars 27014-27404 | segment 27

Eido Gal | 40 | Co-Founder, Chief Executive Officer, Director

filing / Mar 6, 2026 / receipt

Assaf Feldman | 54 | Co-Founder, Chief Technology Officer, Director

filing / Mar 6, 2026 / receipt

Aglika Dotcheva | 50 | Chief Financial Officer

filing / Mar 6, 2026 / receipt

Ravi Kumaraswami | 59 | President of Worldwide Field Operations

filing / Mar 6, 2026 / receipt

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