RSKD - Earnings call transcript Q3 2024

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Operator

Good day, and thank you for standing by. Welcome to the Riskified Third Quarter 2024 Earnings Call. [Operator Instructions] Please be advised today's conference is being recorded. I would now like to turn the conference over to your speaker today, Chett Mandel, Head of Investor Relations.

Chett Mandel

Good morning, and thank you for joining us today. My name is Chett Mandel, Riskified's Head of Investor Relations.

call of Riskified's XXXX. today's the results hosting quarter third are to financial discuss for We Dotcheva, Officer. Participating Gal, Chief Agi Riskified's the Co-Founder Chief on call and Executive today Officer; are Eido Riskified's Financial and earlier We released the for our today. of third quarter results XXXX

adjusted provisions the And information we Act statements obligation this XXXX. These as forward-looking Reform Safe the date Our to the undertake profit covered and by of webcast, this performance. outlook based future are Litigation call expectations to the gross Harbor Private by management's Securities revise be law, which adjusted expectations of statements as available and as EBITDA of required of our contained a reflect today no in as except of will call. other result some at beyond be new could a our judgment margin, profitability, ir.riskified.com. Certain all expectations. our We replay EBITDA actual occur Relations intend to revenues, related business on call. to goals, and These our which best that after of forward-looking flows, information results will of statements may differ our uncertainties as risks, guarantees Investor control, margins website of including currently and materially operating all statements from available positive earnings be materials, forward-looking cash time not to today's reflect are statements involve the on developments made that to this financial performance, cause on forward-looking factors,

subsequent we specific to information for for differ results XX, annual the expectations. with on to the file our report XX-F from actual could or any Form factors more not forward-looking reports should furnish and cause statement. our reliance December the You year XXXX materially ended on that refer undue on put SEC Please

our call Investor posted in Investor our financial measures over will available X-K the earnings the SEC the also Form with the to earlier today are performance all comparable and furnished Relations directly presentation, GAAP non-GAAP indicators we on issued now key measures our Additionally, Relations and the of most website. I turn on certain will financial to discuss Eido. of appendix which are and in Reconciliations call. on release

Eido Gal

Thanks, Chett, everyone. and hello,

and growth during be of execution both X the months revenue which Our our third contributed primarily in quarter to revenue continued year-over-year go-to-market first by to XX% 'XX periods. strategy, of the growth driven

For to demonstrating the pleased third year-over-year annual growth growth first gross that some in adjusted X and the commitment guide. are outperformance profit of to quarter XX% months our flowing we've our seen margin GMV of ongoing EBITDA expansion. I achieved of growth, the through revenue our 'XX, non-GAAP of we am we've XX% the outpaced that

We wins. new are executing our of through base expanding logo merchant on our goal

across added in new wins network. key XX Our third logos of top quarter our further the each X verticals, included our broadening

in add such and & to our remittance continue to established for win such areas a an highlight in and & of portfolio Travel merchants more captured in newer to as want and Tickets as newer sub-vertical us. food. I We share Fashion important Luxury our areas

our billion. $X went of GMV has product During core traditional quarter, with merchant who first live we with the our over third Chargeback grocery Guarantee

fully a of their automating helped multi-year all chargeback XX% have reduce cost this captured and contract, for approximately fraud upon merchant term. We by fraud its by initial their eligible efforts, volume

business our important the I the that year, new new and geographies achieved am Overall, well further being to with migrate expansion business with the third been our we we than we focus especially million that both combined platform, $X revenue consumers towards months the in to that of believe online and were our a significant in towards successful positioned similarly more our new end that We the value all matched Riskified continues recently makes pipeline in uneven As that and our our at sophistication we differentiate against of across the anticipate our verticals, category, backdrop fourth are note large for we believe product network a have second excited an first throughout to efforts competitors. category. Year-to-date, of number we have aware are of our merchant, strong made We which areas. of strategic in a annual focus this I quarter. of us channels, with or would from we Notably, discretionary of home non-discretionary robust the October. be made strong to food quarters on in the the already each about recent accuracy is continues the is business we've pressure. up shop X first contracts lines. It of more In a way and competitive progress an we that performance, uptick closed and merchant diversify portion and 'XX. how 'XX leaving and our generation. quarter, go-to-market

And of and this the highlight during the go-to-market for bundling unique our have customers. I data best consumers fundamentals of repeat for coverage merchant our want and believe the enhance created order our which anticipate proprietary strengthen rate our us vast believe we by of than advantage are learning a histories to retain over quarter, of sets that global of strategies, refine underlying interaction renewal machine data that data event, period. I taking one of are and built us business from third remain hundreds for up top the and more I billions has as what strong powered comprising this XX-year our is position that contract this in billions hundreds our historical attributes similarly we renewal activity and contracts believe millions to renewal I We advanced renewal. opportunity a of well. pricing to large is churn in product that of business fourth we to platform intelligence apart. network most achieved processes market. platforms captured and strong. a outside win This models, AI across sets transactions, differentiated powerful XX and XXX% quarter developed

being the Our platform's our transaction generating capabilities, that algorithms focusing merchants. model creating by loop system for predictive our back we continuing on learn are performance a the our from into to for by performance accuracy our training, improvements strengthens artificial fed and every technology, We strengthen intelligence. believe constant of feedback that to strong

now typical beyond in As tools leveraging intelligence has card-not-present scammers reported been areas artificial are widely, fraud.

Riskified. management capabilities enhanced are like excited goods automated now capabilities learning to themselves. refund requests, of are vulnerabilities boxes, this the decisions. to tracking generate chatbots about at our back-end next-generation by type I'm advanced of by providing behavior. These simulation released return that find automate preventing and our place bad It's solutions the why in Policy Just for tools customer-facing of tools systems self-service technological as Protect, sophisticated suite That's and deliberately numbers for an to merchants' for creation, use really which leveraging merchants scammers of example, and while phony outmatch actors fraudsters recently policy aimed we and the other for hands network directly we machine imperative empty fight merchants' seeing these return keeping in

Protect contract risk setting Policy live to we based policies able $X platform These in automating part, with on unmatched the precision in went that and enhancements, worth launch, and flexibility have am value. [ the rising largest adoption. We annual to deliver models. third identity ] deal in are I our Riskified's nearly and in contributed excited quarter, million since

We market Overall, positioned have deliver I to merchant's product been complaints best to believe a the value able abusive an the share. line customer with in market of capture while that working we target. to in are huge incremental merchant by and to blocking well X% the returns, more have keep

as our capabilities we our enterprise scale our e-commerce to help As position. I objectives profit better, we businesses network. proud understand leadership on am layer our execute further additional their only their profitable are we merchants manage gross extending global ability become in more customers, and of continue to to

improved come. and the outlook our quarter the towards third adjusted delivering are further for have to We quarters consecutive EBITDA working in expansion adjusted years EBITDA and margin

We are cash to reserves strong utilize and strategically. cash free empower with us our debt capital our no flow generating meaningful

bolt-on opportunities for product for help are accelerate consolidation smaller assessing potential M&A are to and We growth to looking we And drive expand players platform. synergies. of our and scale

authorization. for we believe repurchase while We recently M&A potential in bar also we'll we an end, to have when a capital accomplish high buyback cash position available have approved M&A goals, has leveraging near-term, million these value the shareholder shares. additional our our to being this capital weigh large opportunistically opportunities. That $XX To assessing allocation that Board and said, always

we over annually and coming our for the attack the buyback that in to I the have repurchases, past our intent cash of is all our we years. XX% strong Putting us. together, resilient our XX% Given shares am activity strategically approximately believe that and to place capacity that to the this business team current position confident of we utilize best opportunities to remove our in outstanding have front additional

value I for season, into driving and forward am the head to our we As merchants looking holiday shareholders.

to over Agi. Now

Aglika Dotcheva

and Thank today's for you, everyone, joining team Eido, call.

million, quarter the We a up third quarter Our year-over-year. billion, GMV third achieved record for XX% year-over-year. $XX.X increase of $XX.X reflecting was revenue XX%

and upsell business quarter this our in revenue a Luxury was by in for grew activity. Consistent quarter, Luxury was year, growth was which growth growth partially the merchants. of first third primarily driven Overall, proxy full this and the primarily merchants driven High-End the for good by by vertical GMV our This with our fast activity by sub-vertical. continued Our and & within growth in new represents during sales vertical fashion our same-store expected continued the the Fashion pressures offset growth Fashion Fashion & low-single-digits in year. category half new

acceleration activity events, new and to from by over & the into the we're than and than third Travel continued the of in better Based being new the this anticipated an Our performance in event business levels first in Tickets is strength driven live of quarter. expecting year, both fourth quarter, October summer strong travel. November, live and by vertical due travel half this better activity category. continue activity, acceleration expected early on space the This XX% primarily across seasonal grew business to fueled in

the our and growth Retail Food both includes General General sub-vertical, offset by primarily which by weakness vertical, Retail in in our merchants, XX% Food quarter, grew third General Our sub-vertical. driven in

of and we by The XX% over Payments area by our Transfer addition, growth predominantly driven saw activity, key which category, year-over-year. Home expansion. X% In business in a remains Money declined category new

a category until this we earlier, quarter that churn as of XXXX. forward, event non-comparable expect in the result Eido periods have referenced Going fourth the to of

growth Finally, we revenue across saw geographies. also all

other grew region, exceeding respectively, addition and about by largest third and grew achieved which Americas, and the revenue our Our region, fueled through new our by XX% I'm we Canada expectations. quarter in year-over-year the experienced year-over-year growth market in and the both we America which Latin X% X% growth the EMEA, share by in States, United APAC XX% gains logos. experienced represents of excited the

discussion respect to these expenses Moving will adjusted of Unless to I profit our financial be margin, referencing metrics. noted, and operating with gross otherwise non-GAAP the EBITDA. measures

reconciliation We a have in release. financial of GAAP measures to our non-GAAP provided earnings

factors, reminder, of basis, risk ramping analyzing to merchants our a on the new profiles of quarters many continue due the I can transactions encourage individual an vary approved. As given gross to you and margin annual including

line of quarter with profit gross third Our the XXXX our in expectations. was for XX%, margin

We our of new in and by benefit product machine quarterly positive in variability and our revenue, improvements impact of continue new the the impact to offset ramping models significant overall mix. merchants of core revenue learning from

expect our range. to non-GAAP XX.X% be to margin profit and our continue QX the we margin be purposes, modeling above to for expect between to gross year XX.X% For full this

Moving our operating expenses. to

in Total of a and We dollar saw continuing manner. marketing The our X focused third expenses for R&D, represented million $XX.X lowest year-over-year the were the operating absolute and operating manage decline X%. quarter, declines in grow business. representing years, business of in sales to continue to the expenses level year-over-year disciplined each while We G&A. a expense and

in percentage as XX% model. from leverage operating revenue reflecting a of business period third the expenses of to XX% the in Our in prior declined the year quarter XXXX,

EBITDA Xth expenses. We For the 'XX $X.X approximately the of and million a quarter 'XX, compared as QX negative $X.X year, in quarter continue expect to of EBITDA. of positive we year-over-year quarter row million of in the Xth million in achieving adjusted the to of representing in positive QX $XX adjusted achieved fourth improvement consecutive

basis is last which basis positive of X approximately represents quarter's points margin of of This the X,XXX EBITDA the points, adjusted improvement achieved improvement on each approximately quarters. year-over-year top X,XXX in

the of our $XXX from quarter carry we with balance deposits approximately ended debt. quarters. we million third X increased X investments the previous the third and share quarter, cash, In and the repurchases of to Moving We pace sheet. the

the shares for During quarter, repurchased X.X price we of a $XX million. third approximately million total

by As quarter. second a decreased has result, approximately total X.X million sequentially from shares the outstanding shares

the XXXX, $XXX have a million. For million we X first of months for total approximately price XX.X repurchased of shares

As the Board of to authorization, our amounts available that $XX announce authorization our requirements. total Directors existing satisfaction under of certain to the Eido authorized just mentioned, When share excited outstanding repurchases, additional I'm Israeli $XX an share subject is combined remain our that with has million. repurchase million of approximately regulatory

expect levels to strong than our activity count our prior of to continued to meaningfully we year-over-year. result decline buyback share years, dilution and commitment continue a in lower managing As to

continue assets. our intend to in how strong liquidity thoughtful that our balance believe value. are to drive We We utilize we sheet and to remain valuable shareholder position capital

we a And In cash our million, highest of flow maintain $XX to model. history. in the in addition, healthy flow third free we quarterly continue achieved cash quarter, the

the cash strong flow months our generation from $XX the X $XX exceed million now of expect of of positive previously. to million in we flow cash up year, result a free As XXXX, in first

the midpoint. raise year million earnings our and the previously in business driven to and competitive call. & able currently the our our improvement Tickets QX, our million the Fashion between the $XXX.X pleased in our in outlook and we're Home is we're at million to revenue impact anticipated $XXX earlier. Travel now activity last outlook. recent anticipate guidance & we our primarily Luxury $XXX This turning or referenced pressures the that in continued expected by outperformance including an Now event new We in in shared improved full for uptick vertical of by guide that for seeing, offset our vertical XXXX I'm category XXXX churn on softness

the that We midpoint of As our guide The prior result million demonstrating improving EBITDA please. to months allow of now XXX be additional a anticipate quarter, had the of a to to basis strong ready I continue leverage our which our million delivering disciplined our platform first between leading a product midpoint. revenue also business points the in ultimately from and broad-based of take year, us merchants in million current outlook. or the EBITDA we of model. Overall, our third EBITDA shareholders. Operator, led we're $XX our the to to us year. healthy represents question, we're first and believe approximately and diversified $XX outlook, value $XX improved that year managing adjusted margin adjusted to expansion to portfolio our will X and approach will business full the adjusted continue

Operator

KBW. [Operator Tomasello Instructions] with from question Our Ryan first comes

Ryan Tomasello

to out wanted the Just out churn start category. the Home in on call

on merchant's a to taking color basis then and think that's drove bundling revenue impact And the way platform? a broadly, any provide this And you decision size what called as or If they're there's competitor? out, maybe of at on the an just to XQ if opportunity review move guidance Eido, impacting that all? I any off the to you your also if pricing strategy. First, can and to GMV that moving

you or perhaps what this your to changes mean on by is So to elaborate of need pricing just make pricing indicative strategy? pressure maybe If might that? you

Eido Gal

thanks Ryan, question. the for

to the over giving to do start more sizing. some I'll context it I'll So you then hand of and with Agi

merchant, risk with fraud. different and a set-ups they've years for been look, lot with experimented managing So the X context, for we've this of that involved in

vendors, used a moving not usage in-house that's actually X an think was they're model. now, tried different they've I And Riskified. model. something including the volume right ramped in-house up they they when is under successful of about different it and This before,

and the approval highest with important I we've that it's the this years the most recently, rate, been merchant X chargeback to had at them. lowest least rate working think mention in that

this think an So if and see issue to stay it's close a we're definitely going to to collaborate merchant we don't to again. opportunity there's product

have other financial current with. areas items that working that and kind this leadership the is personnel the also we and teams of some Some decision might influenced and changes, especially merchant's profile were in

So doing. want we sure go tactical the context and our into just this going we that's what more merchant. When call, successful we're specific and to largest think bit being more But on to seen going go-live once easier a great because of price it's adoption product bit this details a stickiness how are our want moving we I to make have lean about theoretically, forward, I adapt don't public clients to integrate, be think there. been just to all to and platform into that we for do we've a

the the do is a team Another earlier that's focus is we've execute leadership thing time we're And at core relationships kind task that leveraging definitely term and of the longer we and renewals incentives to better looking build over built for us force order for forward. focused that moving on that. in how

Aglika Dotcheva

quarter. for million and higher think acceleration XXXX And will it seen events, you event growth I And an from right biggest the XXXX the year. about year million in now, in have next probably to But in fourth impact impact in is size fourth will next It right the $X was around was rates seen way QX. obviously be $XX a without to of QX approximately just the as the in lapping quarter much this, third think and partial we the quarter. help mostly

Ryan Tomasello

what -- I I'm guess, that what just uplift Any I upsell way represented you Protect. congrats on for to is that curious, how XX% to to and Resolve. for then, think a think compares get to you Dispute ACV And these uplift products guess, you size Policy ACV Policy client? additional it. like XX% Got Okay. can previously you I win large meaningful maybe Protect said can that this the like from

you in cross-sells just these to you're ACV in what more rhythm as find seeing of start So of a generally, terms the uplift?

Eido Gal

You're right.

proof we've skis think than a a wouldn't it I point, something not our is the on as We think common it's now. much to of kind seeing as get XX%. the ahead right said end, go of specific all was This maybe great to but of I actually ACV. updating percent bigger XX% models. and that XX% deal that we're higher it's XX%, historically,

is I opportunity think large more actually have is a very chargeback the maybe interesting where the that merchant this volume. a subset we of

think end. potentially as there's scale which both we drive successful, becomes and definitely more acceleration we opportunities policy bundling on platform more opportunities and So can

think I So us. exciting that's for really

Operator

comes next Barclays. Ramsey question El-Assal Our from with

Owen Callahan

Owen This morning. I appreciate is you Ramsey. for taking our on question this

some have You called Luxury you and platform to Home in newer but out of weakness kind also wins seeing such categories good good with growth well. the in as Goods, Remittances, come kind of as grocers

in share logo new be wallet within and capacity those to of there would your your Any faster-growing of of sort kind on verticals. grow kind Just land strategy expand helpful. of interested kind context

Eido Gal

Yes.

on, few we're Fashion, very diversified definitely and have think resilient business these the differentiated success like see where network. a able say, a to with we're how happy a really kind some of have like build success that of in I And that broadly, Luxury unique effort categories. starting of had live making and remember, we've to of you a kind there. initial ago quarters historically, I discretionary remittance the in been more to business we areas focused kind tracking. new And has from So we and we been areas events Groceries, this food if diversify conscious we're to and mentioned would the

kind the early successes So to leveraging more. capture of

dynamics the adding some share and think with around and clients I similar clients other to categories. of now existing wallet right remittance newer are increasing within our also the very grocery

yes. So

Owen Callahan

kind revenue QX a implied And on follow-up quick just of that growth Understood. rate.

QX, else million be else interested, kind interested called out. that you as XXXX of pulled last some deceleration helpful kind of out into that's baked that would of we anything of that well? getting Just of that from out into But $X merchant called kind you exit on quarter macro kind maybe anything and just as

Aglika Dotcheva

of you course, the Yes, question. Owen, thank for

also Also fashion. we to end reversed events August, when that we've the actually travel the persist. turned seen at at And categories the QX things things helped August, that in guide. kind in month of the the positively active November overall some much of reported continue of surprised these quarter, thinking was push the we the us few us through out trends thought. outperformance And in we I So year actually seen pleasantly more early kind trends be live in for talked and a this some in bit, than and annual first travel, of in but we've activity about is to especially of around October, outperform weeks quarter. this in for and the looking the and helping like positive towards And space,

In that what maybe of terms more I little actually same, worse said. than previously maybe a seen of bit we've of fashion, just we kind think the

to of like been predominantly in new are of factoring to QX difficult we happy of be merchant -- we've is and with this it's kind performance and of in sneakers. numbers category new our new kind in continuing It's as in and expand high-end that kind the very seen lastly, our in I'm well. categories our this So growth markets penetration driven logos, continues mentioning like the from same by fashion and in where this kind just generation. And the

Operator

comes from Our Kennedy next with Cris Blair. William question

Cristopher Kennedy

XXXX in loss some emerging the Just question. to growth of and on a customer categories? last the follow-up about Any the way given profile think the

Eido Gal

Cris, sure.

logos we've the additions, mentioned million, start I into things working well wins that year, that we right? of are X think me and of over already new merchant diversification new are worth client amount The base. off. the let So the increased already $X months the

good of a seeing success there. lot So

on kind more more seen environment competitive one-off bit any -- just I anticipation slightly model. of I difference side, end. a improvements, churn but for don't uneven kind or our kind And macro think this of the of the probably overall baked 'XX into into on of related Obviously, an landscape. hoping and that nothing a macro On think there's event, to net the

how the thinking next now. about year right we're build that's think for I So

Cristopher Kennedy

And updated Okay. thoughts on any XX% EBITDA goals XXXX your of margin XX%? to

Eido Gal

of No, be say, it's kind still North this order. that's this in some those we is our a on reach I would in achieve Again, And based success to kind had that, we've X merchant continue Sure. areas. would over of to setback confident to churn other ability the definitely Star our we them. strength and -- marching obviously, but think in achievable we still of have years to feel targets, in

Operator

with Terry Our Truist from Securities. question comes next Tillman

Connor Passarella

Passarella Terry. This is Connor for on

maybe they terms so the expect season? any see or far provide maybe are to logo And impacts what the consumer the new on the into that your merchants strong? the year seeing about in curious, Just growth first commentary what around strength of indication you one, then continued of holiday end of versus how being Just any thoughts can activity strength?

Aglika Dotcheva

thank Terry, Yes, the for you question.

have expect but been All a we don't all, timing. to healthy the how of season looking just reporting kind we some have season. of in season. also it aligned call broadly end And our terms being what on the like extraordinarily for I reports industry healthy season, the of wouldn't enough -- understand So a strong And view positive. in see is holiday but sales at I that or QX, for holiday overall

but last we do have just all, view don't of are Sometimes holiday a season. I expect there's that few of longer maybe and the days actual pre-sales it a kind is in yet, softer. holiday this the all healthy that

Connor Passarella

it. Got

follow-up, the Okay. maybe there. investment having either a maybe or platform seeing product kind speak then a a perspective? to expense focused from discipline of perspective operating as investing Could And just where what the you're projects high you around and go-to-market ROI, a you're pretty just and

Eido Gal

throughput, a them leveraging the various step we've internally just team. of so say, think focused all over back, the throughput AI taking really years, productivity, at we increase X automating from on it's our tools that and would increasing I I kind looking to existing been past bottlenecks have more whether

Most the in overall, I on expanding demand the for in on very key definitely So that products successful we're those And and side product that's is a the just think investing our us. the of platform. right like enterprise seeing, are been of now kind investments based that and success. lead lot attacking and been the probably team, marketing verticals most in a on non-discretionary as and I areas of showing when generation, the those newer growth has And especially about areas of those sales well. think it on some

Operator

next Our JPMorgan. Smith with Reggie from comes question

Reginald Smith

client quickly curious, you heard I was of that I not to about was wanted guess, that wanted the it I when to follow-up confirm contract an on I And loss? expiring and loss. mid-contract. just kind a few cancellation because And any off. asking were how somewhat follow-ups. you would could color surprised at a I that to I'm guess, have they I able I And be was maybe around great. migrate And add

Eido Gal

Sure.

which an piece during is is was submission, and end last about during a the that's so around different mentioned, X a vendors And not like different quarter, of was So the to contract. had it mid-contract. this it client integrated. reduced We models X years we knew over already QX. tested this the lot a It of

was it relatively that, for newer of them because think to strategy. easier I this So adopt

Reginald Smith

reactivate checkout decided The I Would process, be you it for that we if never experience. thinking -- that you with going out. them easier know guys, and and work back? back come with close come with easy Got kind reintegration you it to but may like to website you stay doesn't guys integrate about, very the it. or relatively easy guys it they experienced if deeply they to the And of are sounds

Eido Gal

Yes.

already So instances, with correct. these that to merchant would this done had we've where we've be what similar historically

Reginald Smith

Understood.

ways. If then And beyond the of I repurposed retail? a could one Okay. other picture use if Obviously, lend an well ML, expertise case interest just capabilities monetized but big question. curious, that capabilities and more doing thinking was there's to? broadly, kind your that you're AI or just there themselves else something your be more With all Protect, in Policy could be in is possibly

Eido Gal

Yes.

a models, that and on data are right we optimizing models, believe our in -- up step say, new back, update them, or building leveraging capabilities taking data should leveraging of merchants, consortium them. large really spinning set So sorry, AI machine these I to learning our now

looking I So or it's started identity factory. And of or initially if to on leverage that now, that learning own by We've kind build at to an we focused point, machine policy merchants we their to their manage or understanding on business. use identity call if at we're right in fraudulent not. your focusing look -- expanded it's expanding transaction should to and ways to our that and engine, to a our to understanding abusive a We're give tools self-service not. that say transaction

competitive suite we So see I long-term, lot clients. a here. that's outline perspective, it additional e-commerce enterprise we of of just don't definitely right a Again, services the from by applications But now. about for of enabled them how to think want AI all

Reginald Smith

that is guys? like or the recognizing Got like to map all it. Is there make data road anything demand drive So that sales, all there does anything the on the you sense data like incremental the you or potentially have side? on knowing to even

Eido Gal

enterprise we Again, for hopefully, thing. a outcome there data that use clients. in could more the think, that predictive capabilities and the quarters e-commerce about the make we share are things to you a can big these ahead And lot have I smarter next the of

Operator

any to not at I'm remarks. further And to I'd call like turn any back this for Eido the time. showing closing Gal questions

Eido Gal

on for updating All in ahead. and I call, right. joining progress to forward our the you quarters you, look Thank this everyone,

Operator

gentlemen, and does this presentation. conclude Ladies today's

a may now day. wonderful have And disconnect. You

Riskified (RSKD) 13 Nov 242024 Q3 Earnings call transcript