Priority Commerce Reports 11.3% Revenue Growth
The earnings release is the last Priority will issue as a public company, as a $1.6 billion take-private deal proceeds.
Updated on Nov. 5, 2026 in Corporate Finance
Priority Commerce reported quarterly revenue of $268.6 million on Thursday, November 5, up 11.3%. The report is the final earnings release the company will make as a publicly traded firm.
Why it matters
Priority Technology Holdings agreed in September to be taken private by an investor group led by chairman and CEO Thomas Priore in a deal valued at $1.6 billion. The transition would remove the company from public markets, shifting future financial disclosures away from routine quarterly reporting.
Priority reported $268.6 million in revenue, an 11.3% increase, following second-quarter revenue of $262 million, which rose 9.2%. The company's CEO held roughly 58% of outstanding shares when the take-private proposal was made in November 2025.
The players
Priority Technology Holdings
A payments technology company whose commerce division reported the quarterly results and agreed to the take-private deal.
Thomas Priore
The chairman and CEO of Priority who leads the investor group seeking to take the company private.
The details
Priority Commerce will provide ticketing payment processing for the Cincinnati Bengals and serves as an official partner of the team, with sideline LED signage at Paycor Stadium. The company also became the official NIL orchestration partner of Rally for Notre Dame student-athletes, using its GameTime platform to administer athlete payments.
Timeline
November 2025: Priority received a go-private proposal from a Priore-led group.
August 2026: Priority formed an NFL partnership with the Tampa Bay Buccaneers.
September 2026: Priority agreed to be taken private in a $1.6 billion deal.
October 2026: Priority became official NIL orchestration partner of Rally.
Thursday, November 5, 2026: Priority released its final public earnings report showing 11.3% revenue growth.
Corporate Finance Context
The take-private deal follows a pattern in which a chairman and CEO holding a controlling stake, here about 58%, leads a buyout of public shareholders. Such transactions remove a company from public reporting requirements, ending routine quarterly disclosures like the one released this week.
Public shareholders of Priority Technology Holdings will be bought out under the $1.6 billion deal, ending their stake in the company. Investors holding shares should watch for terms of the final transaction affecting the price they receive.
The takeaway
Shareholders in companies pursuing take-private deals should review the buyout terms closely, since the price offered may differ from recent trading levels. Readers tracking the company should note that its future financial disclosures will no longer follow public quarterly reporting.
What happens next
Priority is set to become a private company in the first half of 2027, which will end its public reporting obligations.
Further reading
Explore more coverage of Corporate Finance to see how similar buyouts and earnings reports are shaping company valuations.
Source note: This article includes information reported by PYMNTS.
