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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 n ....

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