Paysafe Results Presentation Deck
Q3 financial highlights
Volume¹ (sbn)
$31.1
Q3 2021
+5%
$32.5
Paysafe:
Q3 2022
Growth led by Americas
Continued strength in US SMB Retail,
NA iGaming, and Latin America
Continued softness in Europe
Revenue ($m)
$353.6
1.1%
take rate
Q3 2021
+4%
+10% CC²
$366.0
1.1%
take rate
Q3 2022
Strong constant currency growth
3Q YOY FX headwind $23m
YTD FX headwind $53m; 4% constant
currency growth
Russia/Ukraine/Belarus ~$4m impact
Adj. EBITDA³($m)
$106.4
30.1%
margin
-10%
-5% CC²
$95.5
26.1%
margin
Q3 2021
Margin lower on mix, one-offs
SG&A flat sequentially
Q3 2022
LTM FCF³ ($m)
Note: Volume = total payment volume. Take rate = total revenue divided by volume. CC = Constant Currency. LTM = Last Twelve Months
(1) Q3'22 Volume excludes embedded finance-related volumes of approximately $10.4 billion.
(2) Constant currency growth excludes revenue and Adj. EBITDA headwinds of $23.0 million and $5.6 million, respectively resulting from movement in foreign exchange rates.
(3) Adj. EBITDA and FCF are non-GAAP financial measures. See the appendix of this presentation for a reconciliation to the most directly comparable GAAP financial measures.
$350.1
81%
conversion
(adj. EBITDA)
-26%
$259.4
64%
conversion
(adj. EBITDA)
Sept 2022
Sept 2021
Conversion within target range
YOY largely reflects benefit from
the utilization of letters of credits
in the prior year
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