QIWI (QIWI): Q3 2019 Earnings Snapshot

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Earnings Update by AlphaStreet

— QIWI plc (NASDAQ: QIWI) reported Q3 2019 earnings of RUB 30.30, or $0.47 per share, vs. $0.33 expected.

— Adjusted revenues grew 15% to RUB 5,993 million, or $93 million,
vs. $88 million expected.

— Payment Services segment
net revenue increased 29% to RUB
5,484 million, or $85.1 million.  

— Total Payment
Services volume increased 32% to RUB 391.3 billion, or $6.1
billion.

— FY19 adjusted net
revenue is expected to increase by 15-19% over 2018.  

— QIWI shares gained 4% immediately following the
announcement.

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