Paysafe Reports Third Quarter 2024 Results; Reaffirms Full Year Outlook
Paysafe Limited Common Shares (PSFE)
Company Research
Source: Business Wire
LONDON--(BUSINESS WIRE)--Paysafe Limited (“Paysafe” or the “Company”) (NYSE: PSFE), a leading payments platform, today announced its financial results for the third quarter of 2024.Third Quarter 2024 Financial Highlights(Metrics compared to third quarter of 2023, unless otherwise noted)Revenue of $427.1 million, increased 8%; increased 7% on a constant currency basisTotal Payment Volume of $37.5 billion, increased 7%Net loss of $13.0 million, or ($0.21) per diluted share, compared to net loss of $2.5 million, or ($0.04) per diluted shareAdjusted net income of $31.4 million, or $0.51 per diluted share, compared to $35.3 million, or $0.57 per diluted shareAdjusted EBITDA of $117.8 million, increased 1%; increased 1% on a constant currency basisNet leverage1 decreased to 4.7x as of September 30, 2024, compared to 5.0x as of December 31, 2023Bruce Lowthers, CEO of Paysafe, commented: “I am happy to report on behalf of our team another healthy quarter for Paysafe. Revenue growth contin
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PSFE
News
- Earnings Miss: Paysafe Limited Missed EPS And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Paysafe Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Paysafe Limited (NYSE: PSFE) had its price target lowered by analysts at Royal Bank of Canada from $25.00 to $21.00. They now have a "sector perform" rating on the stock.MarketBeat
- Paysafe Limited (NYSE: PSFE) had its price target lowered by analysts at Susquehanna from $23.00 to $21.00. They now have a "neutral" rating on the stock.MarketBeat
- Paysafe Ltd (PSFE) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Strategic ... [Yahoo! Finance]Yahoo! Finance
PSFE
Earnings
- 11/13/24 - Beat
PSFE
Sec Filings
- 11/13/24 - Form 6-K
- 11/13/24 - Form 6-K
- 9/24/24 - Form 6-K
- PSFE's page on the SEC website