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Paysafe Tops Q4 As US Acquiring Growth Outshines Digital Commerce Decline; Names New Chair

Published 02/03/2022, 13:13
Updated 02/03/2022, 14:11
© Reuters.  Paysafe Tops Q4 As US Acquiring Growth Outshines Digital Commerce Decline; Names New Chair
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  • Paysafe (NYSE: PSFE) reported a fourth-quarter FY21 revenue of $371.7 million, flat year-on-year, beating the consensus of $357.4 million. Total Payment Volume of $31.5 billion increased 20% Y/Y.
  • Segments: US Acquiring revenue rose 9.7% Y/Y to $166.8 million, Integrated & Ecommerce Solutions revenue grew 3.1% to $23.5 million, Digital Wallets revenue declined 8.8% to $87.9 million, and eCash revenue decreased 6.3% to $99.2 million.
  • The adjusted EBITDA margin expanded 270 bps to 28.4%.
  • Paysafe held $1.97 billion in cash and equivalents, including customer accounts, and generated $131.9 million in operating cash flow.
  • Chair Transition: Paysafe appointed Daniel Henson as non-executive chairman of its board as William P. Foley II stepped down to focus on other commitments.
  • Outlook: Paysafe sees Q1 FY22 revenue of $355 million – $365 million, versus the consensus of $362.7 million.
  • Paysafe sees FY22 revenue of $1.53 billion – $1.58 billion, against the consensus of $1.54 billion.
  • Price Action: PSFE shares traded higher by 11.1% at $3.21 in the premarket on the last check Wednesday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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