CLAIM #38548 · Mastercard Inc (MA) · 2022Q4 earnings call · Jan 26, 2023 · due Dec 31, 2023
“In my view, the demand for our services capability still remains very strong. You’ve seen that we’ve been growing at a faster pace in services relative to the overall growth of our business. And I don’t think we should assume anything different on a going-forward basis.”
Sachin Mehra · CFO
In context
“ow they’ve recovered and bounced right back and gone well above 2019 levels, there’s a significant opportunity both on inbound and outbound as it relates to China. And sorry, the second part of your question, Jason? Jason Kupferberg: Just the three strategic pillars, what you’re modeling for revenue growth on those in ‘23? Sachin Mehra: Again, I mean, when you -- the strategic priorities, we’ve got payment services in new networks, as Michael has talked about. Look, I mean, I’ll give you a general sense. I mean, you know about -- from a payment standpoint, we’ve been doing this, and we’ve been doing this for many decades, and that is the substantive part of how we deliver our revenue growth. Over the last decade, we’ve shown you how services have grown and still growing at a healthy pace. In my view, the demand for our services capability still remains very strong. You’ve seen that we’ve been growing at a faster pace in services relative to the overall growth of our business. And I don’t think we should assume anything different on a going-forward basis. And new networks is relatively nascent really. So again, I would put that into the space of it’s growing. It’s growing off a small base at a very healthy clip. But the reality is on the overall Mastercard, it’s still to have a meaningful impact. So, that’s kind of the best I can share with you on that. Michael Miebach: Jason, I’d say the model really is one not of separate pillars. This is an integrated business proposition where services differentiates payments. And payments is oftentimes a way to build out a further -- a broader set of services and so forth. So, it kind of goes in the circle -- a virtuous circle, I have to say. When you look at it, the -- historically, we gave you a number a couple of years ago that service is a third of our quarter. It has been growing faster. I gave y”
Verify independently
SEC filings for MA ↗ · Claim quote is verbatim from the 2022Q4 earnings call.