SPY414.92-5.67 -1.35%
DIA332.96-5.20 -1.54%
IXIC14,030.38-130.97 -0.92%

Paysafe Q1 Net Loss Shrinks, Revenue Increases

05/11/2021 03:44

07:30 AM EDT, 05/11/2021 (MT Newswires) -- Paysafe (PSFE) on Tuesday reported a Q1 net loss of $49 million, compared with a loss of $51 million last year.

Revenue totaled $377.4 million, up from $359.7 million a year ago. Three analysts polled by Capital IQ had called for $366.4 million.

Looking ahead, the UK-based payments processor expects Q2 revenue to be in a range of $365 million to $385 million. That compares with the Street estimate of $369.3 million.

The company also estimates full-year revenue to be in the range of $1.53 billion to $1.55 billion, compared with $1.52 billion to $1.55 billion previously. Analysts project revenue of $1.54 billion for the year.

The company's US-listed shares fell about 7% in pre-bell trade.

Price: 12.55, Change: -1.01, Percent Change: -7.45