PSFE - Paysafe reports Q1 results; reaffirms Full Year outlook
Paysafe press release (NYSE:PSFE): Q1 adjusted EBITDA for the first quarter was $104.0 million, a decrease of 8%, compared to $113.2 million in the prior year period. Adjusted EBITDA margin decreased to 28.3%, compared to 30.0% in the prior year period, primarily reflecting business mix. First quarter net cash from operating activities was $503.8 million, compared to $48.7 million in the prior year period. Free cash flow was $59.2 million, compared to $108.5 million in the prior year period. Revenue of $367.67M (-2.6% Y/Y) beats by $7.52M. Total Payment Volume of $31.2 billion, increased 13%. Adjusted EBITDA of $104.0 million, decreased 8%. Financial Guidance: Q2 Revenue of $370M – $380M vs. consensus of $395.63M; Adjusted EBITDA of $100M– $110M. FY22: Revenue of $1,530M – $1,580M vs. consensus of $1.54B; Adjusted EBITDA of $440M – $460M
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Paysafe reports Q1 results; reaffirms Full Year outlook