acf/google-ad-placement

<ul>
	<li>Payments platform&nbsp;Paysafe Ltd&nbsp;PSFE&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/08/b22506402/paysafe-reports-second-quarter-2021-results-and-reaffirms-2021-outlook" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported second-quarter</a>&nbsp;FY21 revenue growth of 13% year-on-year to $384.3 million, beating the analyst consensus of $378.45 million.</li>
	<li>Segments:&nbsp;Integrated Processing revenue grew 7.2% Y/Y to $191.2 million driven by the U.S. Acquiring business, which continued to gain from the macroeconomic recovery, and growth across integrated eCommerce, including iGaming and other specialized eCommerce verticals.</li>
	<li>Digital Wallet revenue rose 6.8% Y/Y to $97.3 million driven by favorable foreign currency movement, a higher level of sporting events, and crypto and trading activity.</li>
	<li>eCash Solutions revenue increased 36.7% Y/Y to $103.9 million, supported by extended lockdowns in Europe and a corresponding increase in online consumer spending.</li>
	<li>Margin:&nbsp;The adjusted EBITDA margin contracted 150 bps to 30.9%, reflecting business mix, including the headwind from the high margin direct marketing vertical.&nbsp;</li>
	<li>Digital Wallet and eCash Solutions&#39; Adjusted EBITDA margins grew while Integrated Processing&#39;s margins fell.</li>
	<li>Paysafe held $247.8 million in cash and equivalents and used $7.7 million in operating cash flow.</li>
	<li>Outlook:&nbsp;Paysafe sees Q3 revenue of $360 million &ndash; $375 million, below the analyst consensus of $389.1 million.</li>
	<li>The company reiterated FY21 revenue of $1.53 billion - $1.55 billion against the analyst consensus of $1.55 billion.</li>
	<li>Acquisition:&nbsp;Additionally, Paysafe&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/08/b22506269/paysafe-to-acquire-safetypay" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">agreed to acquire</a>&nbsp;SafetyPay&nbsp;for $441 million in an all-cash transaction.</li>
	<li>SafetyPay is a payments platform that enables eCommerce transactions open banking and eCash solutions, operating primarily in Latin America.&nbsp;</li>
	<li>The arrangement strengthens Paysafe&#39;s strategic foothold in Latin America, building on its&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/21/08/22277628/paysafe-to-acquire-alternative-payments-firm-pagoefectivo-for-undisclosed-sum" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">recently announced acquisition</a>&nbsp;agreement with Peruvian payments platform, PagoEfectivo.</li>
	<li>The transaction is likely to close in Q4 of 2021.</li>
	<li>Price Action:&nbsp;PSFE shares traded lower by 2.94% at $9.90 in the premarket session on the last check Monday.</li>
</ul>

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Paysafe Stock Falls After Acquiring SafetyPay For $441M; Q2 Results - Paysafe (NYSE:PSFE)

Anusuya Lahiri

Paysafe

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PSFE

Paysafe Stock Falls After Acquiring SafetyPay For $441M; Q2 Results

Paysafe Ltd

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