Paysafe Reports 3% Increase in Total Payment Volume During Q2 2022

Paysafe Limited, a leading specialized payments platform, today announced its financial results for the second quarter of 2022.

Second Quarter 2022 Financial Highlights (Metrics compared to second quarter of 2021)

• ​Total Payment Volume of $33.4 billion, increased 3%

• ​Revenue of $378.9 million, decreased 1%; Revenue increased 3% on a constant currency basis

• ​Net loss attributable to the Company of $631.5 million, compared to net income attributable to the Company of $6.6 million, and inclusive of a non-cash impairment charge of $676.5 million

• ​Adjusted net income of $37.5 million, compared to adjusted net income of $66.4 million

• ​Adjusted EBITDA of $103.0 million, decreased 13%; Adjusted EBITDA decreased 9% on a constant currency basis

Bruce Lowthers, CEO of Paysafe, commented: "Through the first half of the year, Paysafe has delivered financial results in line with our overall expectations, marked by double-digit growth in the US SMB market. I remain very excited to be at the helm of Paysafe as we drive transformational change to unlock our full growth potential with a laser focus on accelerating sales, innovative product delivery and operating at speed. While strong execution has enabled us to absorb headwinds from foreign exchange rates and a soft European gambling market, at this time we believe it is prudent to adjust our outlook to reflect the current macroeconomic environment."