- Paysafe Limited PSFE reported a fourth-quarter FY22 revenue growth of 3% year-on-year to $383.6 million, beating the consensus of $376.1 million. Total Payment Volume of $33.1 billion increased 5% Y/Y.
- Segments: Merchant Solutions revenue (renamed from US Acquiring) and now includes the integrated & eCommerce (IES) business, rose 9.6% Y/Y to $208.5 million.
- Digital Wallets revenue, including the company's digital wallets and eCash businesses, fell 3.6% Y/Y to $177.1 million.
- Adjusted EBITDA margin contracted by 40 bps to 28% as the Merchant Solutions margin decreased by 270 bps.
- Paysafe held $2.1 billion in cash and equivalents, including customer accounts, and generated $91.5 million in free cash flow.
- Non-GAAP EPS of $0.54 beat the consensus of $0.10.
- Bruce Lowthers, CEO of Paysafe, commented: "We have recruited high-caliber talent, simplified and re-positioned the business, and re-built our sales organization, which is driving early success in cross-selling and multi-product client wins."
- Outlook: Paysafe expects Q1 revenue of $375 million - $380 million, versus the consensus of $376.88 million.
- Paysafe expects FY23 revenue of $1.580 billion – $1.600 billion, versus the consensus of $1.580 billion.
- Price Action: PSFE shares traded higher by 6.16% at $21.55 in the premarket on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in