Kraken Parent Payward’s Q3 Profit Falls 66% Despite…
By Abdelaziz Fathi
AI summary of the source article
Kraken parent Payward posted $60 million in adjusted EBITDA for Q3 2026, down 66% year over year. The company announced plans to expand into U.S. prediction markets, single-stock perpetual futures, and banking services.
Key facts
- Payward reported Q3 2026 adjusted EBITDA of $60 million, down 66% from $178.6 million a year earlier.
- Total platform margin reached $487 million, while customer transaction volume fell 30% year over year to $353 billion.
- The company plans to launch U.S. prediction markets, single-stock perpetual futures, and migrate U.S. dollar wire settlement to its Federal Reserve master account.
Source excerpt · FinanceFeeds
Kraken parent Payward reported $60 million in adjusted EBITDA for the third quarter of 2026, down 66% from $178.6 million a year earlier, even as trading activity, customer accounts and platform margins improved from the previous quarter. The privately held company said on November 13 that adjusted EBITDA rose from $23 million in the second quarter, while total platform margin reached $487 million…