$PSFE - Paysafe Q2 ER : meets guidance, beats analyst consensus on revenue, announces new acquisitio...
$PSFE Paysafe Q2 ER : meets guidance, beats analyst consensus on revenue, announces new acquisition
Paysafe Q2 ER :
Met all guidance, hitting top of range in revenue and EBIDTA
Reaffirmed all forward guidance
Revenue beat analyst consensus
Reported positive earnings
Revenue grew in all segments
41% Volume growth
US volume up 68%
Expecting 2021 volume to be $130-140 billion, up significantly from $105 billion guidance
13% YoY Revenue growth.
Significant improvement from last Q: Would have been 23% excluding unwinding direct marketing and PayLater divestiture.
Refinanced all existing debt
Acquiring two companies SafetyPay and PagoEfectivo to establish strategic foothold in Latin America with presence in 19 markets and 90% of banks.
New Acquisitions bring their eCash business up to a million distribution points in 60 countries.
Expecting Q4 ramp up - seeing strong pipeline growth in international E-commerce
New $1 Billion sports betting market opening in Canada where Paysafe is market leader