Paysafe Third Quarter 2024 Earnings: EPS Misses Expectations

Paysafe (NYSE:PSFE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$427.1m (up 7.7% from 3Q 2023).
• Net loss: US$13.0m (loss widened by 409% from 3Q 2023).
• US$0.21 loss per share (further deteriorated from US$0.041 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Paysafe EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are down 21% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Paysafe's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.