Paysafe Limited (NYSE: PSFE) reported Q1 revenue for the quarter came in at $377.4 million versus the consensus estimate of $366.4 million.

First Quarter 2021 Financial Highlights
(metrics compared to first quarter of 2020)

• Revenue of $377.4 million, increased 5%
• Net loss attributable to the Company of $49.1 million, compared to net loss of $51.1 million
• Total Payment Volume of $27.7 billion, increased 8%
• Adjusted EBITDA of $113.2 million, approximately flat
• Reaffirmed 2021 full year outlook

Philip McHugh, CEO of Paysafe, stated, “As we embark on our next chapter as a public company, we are pleased to deliver solid financial results in the first quarter, including continued strength from online and e-commerce volumes. Alongside this, we made excellent progress on our strategic initiatives across North American iGaming and emerging eCommerce verticals, while achieving milestones to further scale our platform and unlock value. Looking ahead, with our great market positions and unique, two-sided network, we believe that Paysafe remains well positioned to deliver consistent double-digit growth and drive operating leverage.”

GUIDANCE:

Paysafe Limited sees Q2 2021 revenue of $365-385 million, versus the consensus of $371.47 million.

Paysafe Limited sees FY2021 revenue of $1.53-1.55 billion, versus the consensus of $1.54 billion.

For earnings history and earnings-related data on Paysafe Limited (PSFE) click here.