Tonix Pharmaceuticals stock halted ahead of FDA approval news
LONDON - Paysafe Limited (NYSE:PSFE) reported first quarter revenue that missed analyst expectations and issued an optimistic outlook for the full year on Tuesday.
The company’s shares were up 0.06% in pre-market trading following the release.
The payments platform company posted revenue of $401 million for the first quarter, exceeding the consensus estimate of $404.32 million. However, adjusted earnings per share came in at $0.34, missing expectations of $0.47.
Paysafe’s revenue declined 4% year-over-year, but organic revenue growth was 5% when excluding the impact of dispositions and currency fluctuations. The company said strong volumes in e-commerce helped drive the organic growth.
For the full year 2025, Paysafe forecasts revenue of $1.71-1.73 billion, in line with analyst projections of $1.72 billion. The company also expects adjusted earnings per share of $2.21-$2.51, compared to the $2.41 consensus estimate.
"We kicked off the year with strong momentum, exceeding our expectations for organic growth and adjusted EBITDA margin," said CEO Bruce Lowthers. He added that Paysafe is "operating with a leaner, lower-risk model" and sees "accelerated growth in the second half of the year."
The company reported adjusted EBITDA of $95.2 million for the quarter, down 15% year-over-year. Paysafe said it completed the sale of its direct marketing business during the quarter as part of efforts to streamline operations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.