Paysafe Raises FY24 Sales Guidance From $1.69B-$1.71B To $1.71B-$1.73B Vs. $1.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
Paysafe has raised its full-year 2024 sales guidance from $1.69B-$1.71B to $1.71B-$1.73B, surpassing the previous estimate of $1.71B. The updated revenue range is now $1.713B-$1.729B, while the adjusted EBITDA guidance has been slightly lowered to $471M-$484M from $473M-$488M.
August 13, 2024 | 10:59 am
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POSITIVE IMPACT
Paysafe has increased its full-year 2024 revenue guidance, indicating stronger than expected sales performance. However, the adjusted EBITDA guidance has been slightly lowered.
The increase in revenue guidance suggests stronger sales performance, which is positive for the stock. The slight reduction in adjusted EBITDA is a minor concern but does not outweigh the positive revenue outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100