Welcome to our dedicated page for Riskified news (Ticker: RSKD), a resource for investors and traders seeking the latest updates and insights on Riskified stock.
Riskified Ltd. (NYSE: RSKD) is a software company focused on ecommerce fraud prevention and risk intelligence, and this news page aggregates coverage of its business developments, research, and financial updates. Company communications describe an AI-powered ecommerce risk management platform that many large brands and publicly traded merchants use to fight fraud, policy abuse, and chargebacks while improving customer retention.
News about Riskified frequently highlights product innovations and AI features. Recent announcements include Policy Protect with its Dynamic Returns feature, which uses AI-powered return decisions to distinguish abusive from legitimate refund claims, and tools designed for the emerging world of agentic commerce, such as AI Agent Approve, AI Agent Intelligence dashboards, and AI Agent Policy Builder. These updates illustrate how the company applies risk intelligence to areas like returns, refunds, and AI shopping agents.
Investors and analysts can also follow earnings releases and financial guidance here. Riskified regularly issues press releases on its quarterly results, discussing trends in gross profit, adjusted EBITDA, GMV, and revenue, along with commentary on vertical and geographic diversification, share repurchase activity, and progress in categories such as Money Transfer and Payments or Tickets and Live Events.
Additional news items cover industry research and events, including survey findings on AI usage in shopping journeys, live polling from the company’s Ascend summit, and details of the Ascend global event series. Updates on partnerships, such as Riskified’s collaboration with HUMAN Security to address AI shopping agent risks, also appear. This page is a central resource for following how Riskified’s fraud and risk intelligence platform evolves and how management communicates its strategy to the market.
Riskified (NYSE:RSKD) and Appriss Retail have announced a strategic partnership to combat omnichannel fraud and abuse in retail. The collaboration integrates comprehensive data on consumer shopping patterns across both physical stores and online platforms, providing real-time protection from checkout to post-fulfillment.
The partnership addresses the significant challenge of returns fraud, which accounts for over $100 billion in losses for retailers. By combining their data and expertise, the companies aim to deliver enhanced fraud prevention capabilities across all channels. According to research commissioned by Riskified, returns, refunds, and exchanges cost retailers $394 billion in key ecommerce markets, with only 30% of merchants having implemented strategies to prevent fraudulent returns.
The solution offers key benefits including omnichannel protection, a 360-degree view of customer identity and shopping patterns, and improved customer experience while maintaining robust fraud prevention policies.
Riskified (NYSE: RSKD) announces participation in International Fraud Awareness Week (November 17-23, 2024) to combat ecommerce fraud. Recent reports show $3.1 billion lost to fraud between January 2022 and September 2023, with online payment fraud losses projected to exceed $362 billion globally from 2023 to 2028.
The company launches a Times Square billboard campaign featuring the 'Safest Brands in Ecommerce,' including major retailers like Macy's, Prada, and Booking.com. This initiative, supported by partners including AWS, Deloitte, and Mastercard, aims to highlight brands prioritizing customer protection against fraud. Riskified.com/FraudWeek offers resources including articles, research studies, and merchant success stories.
Riskified (NYSE: RSKD) reported strong Q3 2024 results with significant improvements in financial metrics. Revenue increased 10% year-over-year to $78.8 million, while GMV grew 17% to $34.7 billion. The company achieved record quarterly free cash flow of $13.9 million and improved GAAP gross profit margin to 49%. Notable achievements include winning their largest Policy Protect deal worth $2 million in Annual Contract Value and expanding in the Tickets and Live Events sector. The Board authorized an additional $75 million share repurchase program, with approximately $85 million total authorization outstanding. The company improved its FY 2024 guidance, expecting revenue between $322-327 million and Adjusted EBITDA of $14-20 million.
Riskified's new research reveals a significant shift in ecommerce return and refund policies due to increasing fraud and policy abuse. The study, covering seven major markets, shows that returns, refunds, and exchanges cost retailers $394 billion, with at least $28 billion impacted by fraud and abuse. 84% of merchants find abuse harder to detect, driven by Dark Web 'fraud-as-a-service' groups and malicious GenAI tools.
As a result, retailers are tightening their policies: one-third now charge return fees, another third offer exchange-only or store credit-only policies, and two in five allow just seven days to file claims. However, only 30% of merchants have implemented strategies to prevent fraudulent returns and refunds. Riskified (NYSE:RSKD) suggests adopting identity-based technology approaches to balance customer experience with fraud prevention.
Riskified (NYSE: RSKD), a leading ecommerce fraud and risk intelligence company, has announced its participation in two upcoming conferences. Management will present and host investor meetings at the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 10th at 11:50 AM ET. A live and archived webcast of the presentation will be available on the company's Investor Relations website.
Additionally, Riskified's management team will host in-person investor meetings at the Piper Sandler Growth Frontiers Conference in Nashville on September 11th. These conferences provide opportunities for investors to gain insights into Riskified's operations and future plans.
Riskified (NYSE: RSKD), an ecommerce fraud and risk intelligence leader, announced financial results for Q2 2024. Key highlights include:
- GMV increased 13% year-over-year to $34.99 billion
- Revenue grew 8% to $78.73 million
- Adjusted EBITDA improved to $2.34 million, with a 3% margin
- Non-GAAP gross profit margin rose to 53%
- Operating cash flow turned positive at $4.3 million
The company expanded its leadership in the Tickets and Live Events sector, diversified geographically with new merchants, and landed a key account in Japan. Riskified also repurchased 6.8 million shares for $39 million and was named to CNBC's 2024 List of Top Fintech Companies.
For FY2024, Riskified now expects revenue between $320-$325 million and Adjusted EBITDA between $13-$19 million.
Riskified (NYSE: RSKD), a leader in ecommerce fraud and risk intelligence, has appointed David Meredith to its Board of Directors. Meredith brings extensive experience in corporate strategy, customer acquisition, and organizational leadership from his work with leading SaaS and cloud-based application businesses. His appointment is expected to help Riskified continue delivering long-term shareholder value.
Meredith has three decades of experience in senior executive leadership and board director roles across multi-billion-dollar public companies and private equity-backed technology firms. His notable positions include CEO of Everbridge and Boomi, as well as leadership roles at Rackspace, CenturyLink, and VeriSign. Following Meredith's appointment, Riskified's Board will consist of eight directors, six of whom qualify as independent under NYSE listing rules.
Riskified (NYSE: RSKD), a leader in ecommerce fraud and risk intelligence, will release its second quarter 2024 financial results on August 14, 2024, before market opening.
The company will also host a conference call and webcast at 8:30 a.m. ET to discuss the results. Participants are encouraged to register and dial in fifteen minutes early.
The event will be accessible live and archived via the 'Events & Presentations' section of Riskified's Investor Relations website.
Riskified (NYSE: RSKD), a leader in fraud and risk intelligence, has been named one of the World's Top 250 Fintech Companies by CNBC. This recognition highlights Riskified's market-leading position in the ecommerce fraud and risk intelligence sector. CNBC partnered with Statista to evaluate over 2,000 eligible companies based on various KPIs.
Riskified's AI-powered platform helps businesses boost ecommerce revenues and profit by mitigating risks. The company's vision is to build a safer ecommerce world through AI. Founded over a decade ago, Riskified pioneered a data and machine learning approach to protect online businesses as ecommerce fraud began to rise.
Today, Riskified's risk intelligence platform powers solutions that fight fraud and policy abuse at scale, enabling merchants like Wayfair, Booking.com, and Shein to win more customers, accept more orders, and retain more revenue.
Riskified (NYSE: RSKD) concluded its annual Ascend 2024 ecommerce summit in New York City, unveiling new AI-powered tools to combat fraud and drive growth for ecommerce merchants. This year's theme, 'Ecommerce Champions,' highlighted strategies to boost ecommerce growth amidst rising fraud and abuse. Key innovations include Policy Decisions, part of Riskified's Decision Studio, which allows merchants to manage customer-facing policies with greater precision and flexibility. The summit also celebrated the winners of the Titans of Ecommerce Awards, including leaders from BJ's and Gucci. Ascend 2024, held from June 25-27, gathered global merchants and industry leaders to discuss ecommerce trends and challenges.
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