Paysafe Limited: Paysafe Reports First Quarter 2021 Results and Reaffirms 2021 Outlook
First Quarter 2021 Financial Highlights
(metrics compared to first quarter of 2020)
Revenue of $377.4 million, increased 5%
Net loss attributable to the Company of $49.1 million, compared to net loss of $51.1 million
Total Payment Volume of $27.7 billion, increased 8%
Adjusted EBITDA of $113.2 million, approximately flat
Reaffirmed 2021 full year outlook
Philip McHugh, CEO of Paysafe, stated, As we embark on our next chapter as a public company, we are pleased to deliver solid financial results in the first quarter, including continued strength from online and e-commerce volumes. Alongside this, we made excellent progress on our strategic initiatives across North American iGaming and emerging eCommerce verticals, while achieving milestones to further scale our platform and unlock value. Looking ahead, with our great market positions and unique, two-sided network, we believe that Pay
December 9, 2020
In the United States and the billionaire owner of the Vegas Golden Knights franchise of the National Hockey League (NHL) has reportedly agreed a deal that is to see online payment systems provider Paysafe Group Holdings Limited once again become a public concern.
According to a Monday report from the Las Vegas Review-Journal newspaper, William Foley (pictured) revealed that his Foley Trasimene Acquisition Corporation II special purpose acquisitions enterprise is to merge with the digital wallet innovator in an arrangement valued at around $9 billion. The Texas-born businessman purportedly explained that the agreement is expected to close by the end of June and will subsequently involve the enlarged entity being listed with the New York Stock Exchange under the continuing leadership of its Chief Executive Officer, Philip McHugh.