Paysafe Falls 24% Amid Q3 Earnings Beat, Quarterly Loss Expands
Paysafe Falls 24% Amid Q3 Earnings Beat, Quarterly Loss Expands
Paysafe highlighted growth in its eCommerce channel, driven by strong demand in North America's iGaming sector. Additionally, the company announced a new partnership with Revolut to provide cash deposit services for Revolut's UK customers, with plans to expand this offering across other European markets.$Paysafe (PSFE.US)$ are down 24% on Wednesday following the release of its Q3 earnings report.
$Paysafe (PSFE.US)$ 週三，隨着第三季度業績的發佈，股價下跌了24%。
The company posted adjusted earnings of 51 cents per share, significantly surpassing the consensus estimate of 2 cents. Quarterly sales reached $427.1 million, an 8% increase from the previous year, also exceeding analysts' expectations of $423.1 million.
該公司公佈了每股調整後收益51美分，顯著超過市場共識預期的2美分。季度銷售額達到了$42710萬，比去年增加了8%，也超出了分析師預計的$42310萬。
Net loss for Q3 rose to $13 million (0.21) per share, up from the net loss of $2.5 million (0.04) per share as compared to Q3 2023.
第三季度淨虧損上升至$1300萬，每股虧損0.21，較2023年第三季度的淨虧損$250萬，每股虧損0.04有所增加。
Paysafe highlighted growth in its eCommerce channel, driven by strong demand in North America's iGaming sector. Additionally, the company announced a new partnership with Revolut to provide cash deposit services for Revolut's UK customers, with plans to expand this offering across other European markets.
Paysafe強調其電子商務渠道的增長，受到北美iGaming板塊強勁需求的推動。此外，該公司還宣佈與Revolut達成新夥伴關係，爲Revolut的英國客戶提供現金存入服務，並計劃將此服務擴展到其他歐洲市場。
Bruce Lowthers, CEO of Paysafe, commented: "Revenue growth continues to be strong this year, reaching 8% for the third quarter and year-to-date, demonstrating execution on our strategic priorities and our focus on delivering higher quality, sustainable revenue growth, while investing in the business and progressively reducing net leverage. We are pleased to reaffirm our full year financial outlook for 2024 and we remain confident that we are taking the right actions to drive continued momentum in 2025 and beyond."
Paysafe的首席執行官Bruce Lowthers評論道："營業收入的增長在今年依然強勁，第三季度和年初至今的增長達到了8%，這表明我們在戰略優先事項上的執行情況以及我們在提供更高質量、可持續的營業收入增長方面的關注，同時投資於業務並逐步減少淨負債。我們很高興重申2024年全年的財務展望，我們仍然相信我們正在採取正確的行動，以在2025年及以後推動持續的增長勢頭。"
Investors remained cautious about the stock as Paysafe reiterated its FY24 sales guidance to $1.713 billion – $1.729 billion, compared with the $1.723 billion estimate. It continues to expect adjusted EBITDA of $471 million – $484 million.
投資者對該股票保持謹慎，因爲Paysafe重申其2024財年銷售指引爲$17.13億至$17.29億，而市場預估爲$17.23億。它繼續預計調整後的EBITDA爲$47100萬至$48400萬。
At 1:18 p.m. ET, shares are off 24.64%.
截至東部時間下午1點18分，股價下跌24.64%。
