Paysafe Stock Falls Despite Q3 Earnings Beat, Outlook Remains Unchanged [Yahoo! Finance]
Paysafe Limited Common Shares (PSFE)
Company Research
Source: Yahoo! Finance
The company reported third-quarter adjusted earnings per share of 51 cents, beating the street view of 2 cents . Quarterly sales of $427.10 million, an increase of 8% year over year, beat the analyst consensus of $423.096 million. Total Payment Volume (TPV) reached $37.5 billion, marking a 7% increase. Adjusted EBITDA grew by 1%, or 1% on a constant currency basis, to $117.8 million. Net leverage decreased to 4.7x as of September 30, 2024, compared to 5.0x at year-end 2023. Revenue from Merchant Solutions rose 11%, driven by strong e-commerce and SMB growth from expanded sales efforts. Also Read: Trump Appoints Elon Musk And Vivek Ramaswamy To Lead ‘DOGE,' Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: ‘We Will Not Go Gently' Digital Wallets revenue grew 4%, supported by product enhancements and new merchants onboarded last year. Paysafe said its eCommerce channel is growing in double digits, fueled by strong demand in North America's iGaming sector. The co
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PSFE
News
- Paysafe and Deutsche Bank partnership facilitates digital cash withdrawal across Germany [Yahoo! Finance]Yahoo! Finance
- 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
PSFE
Earnings
- 11/13/24 - Beat
PSFE
Sec Filings
- 11/25/24 - Form SC
- 11/13/24 - Form 6-K
- 11/13/24 - Form 6-K
- PSFE's page on the SEC website