Shift4 sends a cautious signal: lowers its earnings outlook and acquires Paramount Commerce

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Shift4 lowered its full-year profit outlook and total revenue target due to weaker travel in Europe and reduced restaurant spending in the US, and expects the weak environment to persist through 2027. The company announced the acquisition of Canadian pay-by-bank company Paramount Commerce, which provides pay-by-bank deposits and payouts in Canada for DraftKings, FanDuel and others; the terms of the deal were not disclosed. Investors continue to question Shift4’s long-term strategy for Global Blue, and Shift4’s share price has fallen about 36% over the past year.