(Reuters) - Payments processing company Paysafe Group (L:PAYS) said adjusted core earnings rose 17.3 percent, as more people used the company's prepaid digital wallets to make payments.
The company, which offers pre-paid cashcards and online wallets that are popular among online gambling customers, said adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 169.2 million pounds ($220.55 million) for the period ended June 30.
Revenue also rose to 538.7 million pounds for the period, compared with 486.7 million pounds last year.
Paysafe has backed a 3 billion pound ($3.9 billion) takeover offer from a consortium of funds managed by Blackstone (N:BX) and CVC Capital Partners (UL:CVC), the latest in a string of deals in the sector.