Business
Paysafe Reports First Quarter 2025 Results; Reaffirms Full Year Outlook
LONDON, May 13, 2025--Paysafe Limited ("Paysafe" or the "Company") (NYSE: PSFE), a leading payments platform, today announced its financial results for the first quarter of 2025.
About this update from Paysafe Limited
[{"type":"text","content":"LONDON, May 13, 2025--(BUSINESS WIRE)--Paysafe Limited ("Paysafe" or the "Company") (NYSE: PSFE), a leading payments platform, today announced its financial results for the first quarter of 2025.","length":215,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Summary (Metrics compared to the first quarter of 2024, unless otherwise noted)","length":99,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $401.0 million, decreased 4%; organic revenue growth of 5%","length":69,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net loss of $19.5 million, or ($0.33) per diluted share, compared to net income of $3.1 million, or $0.05 per diluted share","length":123,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted net income of $20.9 million, or $0.34 per diluted share, compared to $35.3 million, or $0.57 per diluted share","length":119,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $95.2 million, decreased 15%; decreased 14% on a constant currency basis","length":91,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net leverage1 of 4.9x as of March 31, 2025","length":42,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":444,"olType":false},{"type":"text","content":"Bruce Lowthers, CEO of Paysafe, commented: "We kicked off the year with strong momentum, exceeding our expectations for organic growth and adjusted EBITDA margin. I’m proud of the team for staying focused and executing our strategy for sustainable growth while successfully completing the sale of our direct marketing business. We also secured new partnerships, launched innovative products through our wallet platform, and continued enhancing its functionality to better connect our 18 million consumers with over 1 million retailers—turning everyday transactions into exceptional experiences. With the second quarter underway, we’re operating with a leaner, lower-risk model, a strengthened sales organization, traction with new collaborations, and a robust product pipeline that positions us for accelerated growth in the second half of the year."","length":860,"tagName":"p"},{"type":"text","content":"Recent Strategic and Operational Highlights","length":43,"tagName":"p"},{"type":"list","items":[{"val":[{...