Paysafe Results Presentation Deck
Summary
Volume
$35bn
+8% YoY
●
Revenue
$396m
+8% YoY; 5% CC¹
Adj. EBITDA
Adj. Net Income
$116m
$35m
29.3% margin (+320 bps) Adj. EPS $0.57; +19% YoY
Growth across all key metrics including 5th consecutive quarter of reported YoY revenue growth
Revenue increased +8% YoY (+5% YoY CC¹): Merchant Solutions +6% and Digital Wallets +12% (+5% CC)
Adj. EBITDA increased +22% YoY (+18% YoY CC¹) and Adj. EBITDA margin increased 320 bps
LTM FCF increased 39% YoY
Paysafe:
Exceeded 2023 target net leverage and now expecting ~5.0x by year-end
Reaffirming 2023 guidance
Announced $50m share repurchase program
Net Leverage
5.1x
versus 5.8x Dec-22
CC = constant currency. Note: Adj. EBITDA, Adj. EBITDA margin, Adj. Net Income, Free Cash Flow, and net leverage are non-GAAP financial measures. See appendix for reconciliations of non-GAAP measures.
(1) Q3 constant currency growth excludes revenue and Adj. EBITDA benefit of $11.9 million and $3.4 million, respectively, resulting from movement in foreign exchange rates.
3View entire presentation