Paysafe reports $420.1m in Q4 revenue
The CEO said the company is on track for future growth.
Key Points
- Revenue for the quarter and for the year was higher than totals posted in 2023
- Paysafe reported more than $1.7bn in revenue during 2024
Paysafe Limited has published its financial and business results for the fourth quarter and 2024 fiscal year.
During the fourth quarter, the company reported $420.1m in revenue, an increase of 1% year-over-year.
Net income in Q4 reached $33.5m, the equivalent of $0.54 per diluted share. The results were a substantial increase when compared to its $12.1m net loss posted in Q4 2023.
However, Paysafe posted a Q4 adjusted EBITDA of $103.3m, down 15% when compared to results reported a year ago.
For the fiscal year, revenue reached more than $1.7bn, reflecting a year-over-year increase of 6%.
Net income rose as well for the year, with the total climbing to $22.2m, or $0.36 per diluted share. The company reported a $20.3m net loss in 2023.
Adjusted EBITDA totaled $452.1m for FY2024.
Revenue
Net income
Adjusted EBITDA
Company CEO Bruce Lowthers said Paysafe has positioned itself for growth over the long term.
He further commented, “We’ve made incredible progress, delivering on our priorities and executing our three-year growth plan.
“By transforming our business and focusing on the biggest opportunities in the experience economy, we’re positioning Paysafe for long-term, sustainable growth.”
The executive also outlined the company’s goals for the coming year by saying, “In 2025 our mission is clear: drive revenue through product innovation, improve sales efficiency, create new partnerships, and scale for better customer and employee experiences.
“With our foundational turnaround now behind us we are looking forward to our third year of organic revenue growth.”
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