Paysafe Ltd

PSFE

Equity

ISIN BMG6964L2062 / Valor 123558077

New York Stock Exchange, Inc (2024-12-24)

USD 17.46+1.39%

Paysafe Ltd
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Paysafe Ltd is a leading global payments provider offering a comprehensive range of payment solutions under various brands, including Paysafe, NETELLER, Skrill, Rapid Transfer, Skrill Money Transfer, paysafecard, and Paysafecash. The company operates in the fintech sector, facilitating electronic money transactions and providing payment processing solutions across a wide array of industries. Paysafe is regulated by significant financial authorities, including the Financial Conduct Authority in the UK and the Central Bank of Ireland, ensuring compliance with the highest standards of financial operations. Its services encompass issuing electronic money, processing online payments, and offering prepaid payment methods. Paysafe's products, such as the NETBANX® platform, NETELLER, and Skrill Prepaid Mastercards, cater to both individual consumers and businesses, aiming to streamline payment processes, enhance security, and promote financial inclusion. The company's global presence is supported by partnerships with major banks and financial institutions, enabling it to offer secure and efficient payment solutions worldwide.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Paysafe Ltd reported a revenue of $427.1 million for the third quarter of 2024, marking an 8% increase compared to the same period in 2023. This growth was driven by a 7% increase in total payment volume, reflecting the company's strategic focus on expanding its market presence and enhancing its service offerings.

Net Loss

For the third quarter of 2024, Paysafe Ltd experienced a net loss of $13.0 million, or ($0.21) per diluted share. This is a significant increase from the net loss of $2.5 million, or ($0.04) per diluted share, reported in the third quarter of 2023, primarily due to increased other expenses, including a loss on foreign exchange.

Adjusted Net Income

Paysafe Ltd's adjusted net income for the third quarter of 2024 was $31.4 million, or $0.51 per diluted share, which represents an 11% decrease from the $35.3 million, or $0.57 per diluted share, recorded in the same quarter of the previous year. This decline was attributed to higher depreciation and amortization expenses and an increased adjusted effective tax rate.

Adjusted EBITDA

The company's adjusted EBITDA for the third quarter of 2024 was $117.8 million, reflecting a 1% increase from the $116.1 million reported in the third quarter of 2023. This slight growth was mainly due to increased revenue, partially offset by additional expenses related to expanding the sales team and optimizing the portfolio.

Full Year Outlook

Paysafe Ltd has reaffirmed its full-year financial outlook for 2024, projecting revenue between $1,713 million and $1,729 million and adjusted EBITDA between $471 million and $484 million. The company remains confident in its strategic initiatives and anticipates continued momentum into 2025 and beyond.

Summarized from source with an LLMView Source

Key figures

44.7%1Y

-64.3%3Y

%5Y

Performance

56.1%1Y

76.0%3Y

73.2%5Y

Volatility