Owen Callahan's questions to Riskified Ltd (RSKD) leadership • Q3 2024
Question
Owen Callahan, on for Ramsey El-Assal, asked about Riskified's ability to expand wallet share in newer, faster-growing verticals like Remittances and Groceries. He also sought more detail on the factors influencing the implied Q4 revenue growth guidance beyond the known merchant churn.
Answer
CEO Eido Gal affirmed the company is seeing success in its strategy to diversify into non-discretionary categories like groceries and remittances, noting the dynamics for increasing wallet share are similar to those in established verticals. CFO Aglika Dotcheva added that Q4 guidance is bolstered by better-than-expected performance in Tickets & Travel, which is offsetting continued softness in high-end fashion and the impact of the churn. She highlighted that growth continues to be driven predominantly by new merchant generation.