Paysafe Q2 Results: Earnings Beat, 6% Sales Growth, Higher Payment Volume & More
Portfolio Pulse from Nabaparna Bhattacharya
Paysafe Limited (NYSE:PSFE) reported Q2 FY23 revenue growth of 6% YoY to $402.338 million, beating the consensus of $394.16 million. Adjusted EPS was $0.56, down from $0.62 in 2Q22, but beating the consensus of $0.13. The company raised its FY23 revenue outlook to $1.595 billion-$1.608 billion, versus the consensus of $1.59 billion. PSFE shares were trading higher by 6.5% at $12.59 premarket on the last check Tuesday.
August 15, 2023 | 12:29 pm
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POSITIVE IMPACT
Paysafe's Q2 FY23 results beat revenue and EPS consensus, and the company raised its FY23 revenue outlook. This positive news led to a 6.5% increase in premarket trading.
Paysafe's better-than-expected Q2 results and raised FY23 outlook are likely to boost investor confidence, leading to a positive short-term impact on the stock price. The 6.5% premarket increase in PSFE shares indicates this positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100