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Paysafe Limited  (PSFE)
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    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 



  Paysafe Limited Outlook

On March 7 2024 the Paysafe Limited provided following guidance

Paysafe Limited, a prominent payments platform, has released its financial results for the fourth quarter and full year of 2023. The company reported a revenue of $414.5 million for the fourth quarter of 2023, showing an 8% increase compared to the same period in 2022. This growth was also evident when looking at the revenue on a constant currency basis, which saw a 6% increase. Additionally, Paysafe reported a Total Payment Volume of $35.8 billion for the same period, showing an 8% increase.

However, Paysafe also reported a net loss attributable to the Company of $12.1 million, or ($0.20) per diluted share for the fourth quarter of 2023. Despite this setback, the company remains optimistic about its future outlook.

Looking ahead to 2024, Paysafe is projecting further growth and success. The company is focused on expanding its presence in the payments industry and continuing to innovate its platform to meet the evolving needs of consumers and businesses. Paysafe is confident that it is well-positioned to capitalize on the opportunities in the market and deliver value to its shareholders.

Overall, Paysafe Limited remains committed to its mission of providing secure, convenient, and innovative payment solutions to its customers. With a strong foundation and a clear vision for the future, Paysafe is confident in its ability to achieve continued success in the years to come.

On November 14 2023 the Paysafe Limited provided following guidance

Paysafe Limited, a renowned payments platform, has recently released its financial results for the third quarter of 2023. In this period, the company achieved significant milestones, reflecting its strong growth and performance.

Compared to the third quarter of 2022, Paysafe reported a total revenue of $396.4 million, indicating an impressive 8% increase. Even on a constant currency basis, the company experienced a notable 5% growth. This steady expansion can be attributed to Paysafe's robust payment platform and its ability to attract more customers.

Furthermore, Paysafe witnessed a remarkable increase in its Total Payment Volume, reaching $35.1 billion. This growth of 8% further demonstrates the company's ability to facilitate transactions efficiently and securely. It also highlights the trust that merchants and consumers have placed in Paysafe's payment solutions.

In terms of profitability, Paysafe reported a net loss of $2.5 million attributable to the company. This loss amounts to ($0.04) per diluted share. While it is important to note this loss, it should be acknowledged that it is a significant improvement compared to the previous year's performance. Paysafe continues to work towards enhancing its operating efficiency and cost management to drive overall profitability.

Despite the net loss, Paysafe remains confident in its full-year outlook and reiterates its commitment to achieving its financial targets for the year 2023. The company's performance in the third quarter serves as evidence of its determination to meet and potentially exceed expectations.

As Paysafe looks towards the future, it aims to further strengthen its position as a leading payments platform by continuously enhancing its product offerings, expanding its customer base, and exploring new growth opportunities. With its solid foundation and focused strategic initiatives, Paysafe is well-positioned to deliver long-term value to its shareholders and stakeholders.


 PSFE $15.7900 $1.0300 6.98%

 Volume (M): 475   Open : 15.43    52 Wk Avg :  12.47





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