In This Article:
On Tuesday, Paysafe Limited (NYSE:PSFE) stock fell after its fourth-quarter report.
The company reported quarterly adjusted earnings per share of 48 cents, beating the street view of 24 cents. Quarterly sales of $420.1 million, an increase of 1% year over year, beat the analyst consensus of $429.9 million.
Also Read: Okta’s Growth in Identity Security Drives Bullish Outlook, Analyst Sees Upside
Total Payment Volume (TPV) reached $40.0 billion, a 12% increase.
Adjusted EBITDA declined by 15%, or 14% on a constant currency basis, to $103.3 million. Net leverage decreased to 4.7x as of December 31, 2024, compared to 5.0x at year-end 2023.
Revenue from Merchant Solutions rose 1%, reflecting double-digit growth in e-commerce and modest growth from SMBs. This was largely offset by a $10.7 million headwind from the disposed business.
Revenue from Digital Wallets grew 2%, supported by product initiatives that more than offset lower revenue from interest on consumer deposits.
As of December 31, total cash and cash equivalents were $216.7 million, total debt was $2.4 billion, and net debt was $2.1 billion.
FY25 Outlook: Paysafe expects sales of $1.710 billion–$1.734 billion, compared with the $1.804 billion estimate. It expects adjusted EPS of $2.21-$2.51 against a consensus estimate of $3.04. The company expects an adjusted EBITDA of $463 million-$478 million.
Price Action: PSFE stock is down 8.79% to $17.53 premarket at last check Tuesday.
Also Read:
Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.
Get the latest stock analysis from Benzinga?
This article Paysafe Q4 Revenue Falls Short Despite 12% Payment Volume Growth, Issues Weak 2025 Outlook originally appeared on Benzinga.com
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.