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Paysafe's Q3 results showed solid revenue growth momentum with the company's growing sales team, iGaming partnerships, and other strategic initiatives. Profitability came in relatively weak in Q3, driven by Paysafe's growth investments and portfolio derisking. The weak profitability seems to have caused a major sell-off despite a relatively stable report. After the major sell-off, I estimate around a 60% upside in the PSFE stock.
Paysafe Limited's Q3 results showed mixed performance, with a slight revenue beat but a significant EPS miss, leading to a 25% drop in share price. The company's aggressive hiring increased costs without corresponding revenue growth, impacting efficiency and profitability, and raising concerns about its substantial debt levels. Despite a partnership with Revolut, there are no significant growth catalysts, and the company's average annual revenue growth remains underwhelming.
Paysafe Limited (NYSE:PSFE ) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Kirsten Nielsen - Head of Investor Relations Bruce Lowthers - Chief Executive Officer Alex Gersh - Chief Financial Officer John Crawford - Chief Financial Officer Conference Call Participants Andrew Harte - BTIG Spencer James - Jefferies Paul Obrecht - Wolfe Research Operator Ladies and gentlemen, greetings, and welcome to the Paysafe Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Paysafe Limited (PSFE) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.57 per share a year ago.
LONDON--(BUSINESS WIRE)--Paysafe Limited (“Paysafe” or the “Company”) (NYSE: PSFE), a leading payments platform, today announced its financial results for the third quarter of 2024. Third Quarter 2024 Financial Highlights (Metrics compared to third quarter of 2023, unless otherwise noted) Revenue of $427.1 million, increased 8%; increased 7% on a constant currency basis Total Payment Volume of $37.5 billion, increased 7% Net loss of $13.0 million, or ($0.21) per diluted share, compared to net l.
Paysafe Limited (PSFE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Paysafe Limited (PSFE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LONDON--(BUSINESS WIRE)--Paysafe (NYSE:PSFE) has partnered with Deutsche Bank AG, Germany's largest retail bank, to provide private customers with easy access to cash services. Powered by Paysafe's barcode solution, Paysafecash (marketed in Germany as “viacash”), banking customers in Germany will be able to deposit and withdraw cash seamlessly to and from their bank accounts. This service will be available for private customers first for the Postbank brand in November and is planned to be rolle.
LONDON--(BUSINESS WIRE)--Paysafe Limited (NYSE: PSFE), a global payments platform, will announce third quarter 2024 financial results on Wednesday, November 13, 2024, before market open. Management will host a live webcast to discuss the results at 8:30 a.m. ET the same day. The webcast, along with supplemental information, can be accessed on the investor relations section of the Paysafe website at ir.paysafe.com. An archive will be available after the conclusion of the event and will remain av.
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