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By Anusuya Lahiri
  • Paysafe Limited (NYSE:PSFEreported a first-quarter FY22 revenue decline of 3% year-on-year to $367.7 million, missing the consensus of $371.7 million. Total Payment Volume of $31.2 billion increased 13% Y/Y.
  • Segments: US Acquiring revenue rose 10.3% Y/Y to $169.1 million, eCash revenue declined 10.5% Y/Y to $101.1 million, Digital Wallets revenue fell 13.4% Y/Y to $82.2 million, and Integrated & Ecommerce Solutions revenue decreased 1.5% Y/Y to $23.2 million.
  • The adjusted EBITDA margin contracted 170 bps to 28.3%. 
  • Paysafe held $1.97 billion in cash and equivalents, including customer accounts, and generated $503.8 million in operating cash flow.
  • CFO Izzy Dawood commented: "We are particularly pleased with the strong performance from our US Acquiring business, which delivered double-digit volume, revenue, and adjusted EBITDA growth. We are winning across Digital Commerce, and the turnaround of the digital wallet business continues to show progress. Additionally, Paysafe is succeeding in North America iGaming, recently launching in Ontario's new private market. Despite macro headwinds, we remain confident in our full-year outlook supported by continued momentum in US Acquiring and our pipeline across Digital Commerce."
  • Outlook: Paysafe reaffirmed FY22 revenue guidance of $1.53 billion – $1.58 billion.
  • Price Action: PSFE shares traded lower by 3.07% at $2.21 in the premarket on the last check Wednesday.
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Dive Deeper:
Why IGT Shares Are Surging Today
International Game Technology (NYSE:IGT) reported first-quarter FY22 revenue growth of 4% year-on-year to $1.05 billion, above the consensus of $1.04 billion. Revenue from…
What's Going On With Diebold Nixdorf Shares Today
Diebold Nixdorf Inc (NYSE:DBD) reported a first-quarter FY21 sales decline of 12.1% year-on-year to $829.8 million, missing the consensus of $925.12 million. Revenue…
Krispy Kreme Shares Gain On Solid Q1 Performance
Krispy Kreme Inc (NASDAQ:DNUT) reported first-quarter FY21 sales growth of 15.8% year-on-year to $372.5 million, beating the consensus of $367.9 million. Organic revenue…
Nexstar Media Tops Q1 Backed By Advertising, Distribution Revenue Growth
Nexstar Media Group, Inc (NASDAQ:NXST) reported a first-quarter FY22 net revenue growth of 8.6% year-on-year to $1.21 billion, beating the consensus of $1.19…
One subscription that gives you access to news from hundreds of sites
Playtika Q1 Performance, Q2 Outlook Lag Street Estimates
Playtika Holding Corp (NASDAQ:PLTK) reported first-quarter FY22 sales growth of 6% year-on-year to $676.9 million, missing the consensus of $680.72 million. Average daily…
Warner Music Q1 Growth Slows, EPS Dops Y-o-Y
Warner Music Group Corp (NASDAQ:WMG) reported second-quarter FY22 revenue growth of 10% year-on-year to $1.376 billion, missing the consensus of $1.38 billion. Recorded…
Get all your news in one place