Paysafe Posts 4% YoY Increase in Revenue for Q3 2022

Paysafe Limited (Paysafe) , a leading specialized payments platform, announced its financial results for the third quarter of 2022, showing a slight increase in revenue on a YoY basis.

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• The total payment volume for the quarter came in at $32.5 billion, increasing 5% on a yearly basis.

• Total revenue was $366.0 million, increasing 4% compared to $353.6 million in Q3 2021.Revenue increased 10% on a constant currency basis.

• Net Income attributable to the Company of $1.0 million, compared to net loss attributable to the Company of $147.2 million in Q3 2021.

• Adjusted net income of $29.2 million, down 26% compared to adjusted net income of $39.4 million in Q3 2021.

• Adjusted EBITDA of $95.5 million, decreased 10%. Adjusted EBITDA decreased 5% on a constant currency basis. Adjusted EBITDA margin decreased to 26.1%, compared to 30.1% in the prior year period.

• Third quarter net cash outflow from operating activities was $6.2 million, compared to net cash inflow of $51.6 million in the prior year period. Free cash flow was $106.5 million, compared to $70.2 million in the prior year period.