2024-05-14 08:00:46 ET
Summary
- Paysafe reported Q1 earnings, beating analysts' estimates very slightly, and reaffirming the previously given 2024 financial outlook.
- The company continues to invest in growth in iGaming and other segments, and added 55 new sales representatives for the company in Q1 with increased enterprise customer wins.
- Paysafe's balance sheet remains extremely leveraged as the company spends capital on share buybacks, making the investment risky.
- Despite high debt, I am optimistic on PSFE stock as the current value poses good potential upside with continued growth.
Paysafe ( PSFE ) reported the company’s Q1 earnings on the 13 th of May after the market closed. The reported results were nearly in line with Wall Street analysts' expectations, beating revenue and EPS consensus estimates slightly. In addition, the company reaffirmed the previously given 2024 financial outlook....
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Paysafe Q1: Growth Momentum Continues Well (Rating Upgrade)