Paysafe' Total Revenue Returns to Growth in Q4 and Full Year 2022

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Paysafe Limited ("Paysafe" or the "Company"), a leading payments platform, announced its financial results for the fourth quarter and full year 2022.

Fourth Quarter 2022 Results

• Total revenue for the fourth quarter of 2022 was $383.6 million, an increase of 3%, compared to $371.7 million in the prior year period. 

• Net loss attributable to the Company for the fourth quarter was $33.7 million, compared to net income of $90.3 million in the prior year period. 

• Adjusted EBITDA for the fourth quarter was $107.6 million, an increase of 2%, compared to $105.5 million in the prior year period. Adjusted EBITDA margin for the fourth quarter was 28.0%, compared to 28.4% in the prior year period.

• Adjusted net income for the fourth quarter was $33.1 million, compared to $52.2 million in the prior year period, reflecting an increase in interest expense.      

• Fourth quarter net cash used in operating activities was $449.1 million, compared to an inflow of $131.9 million in the prior year period. Free cash flow was $91.5 million, compared to $53.1 million in the prior year period.

Full Year 2022 Results

• Total revenue for the full year 2022 was $1,496.1 million, an increase of 1%, compared to $1,487.0 million in the prior year.

• Net loss attributable to the Company for the full year 2022 was $1,862.7 million, compared to a net loss of $111.0 million in the prior year.

• Adjusted EBITDA for the full year 2022 was $410.0 million, a decrease of 8%, compared to $443.9 million in the prior year. Adjusted EBITDA margin decreased to 27.4%, compared to 29.9% in the prior year.

• Adjusted net income for the full year 2022 was $137.0 million, compared to $185.8 million in the prior year. 

• Net cash from operating activities for 2022 was $924.1 million, compared to $224.5 million in the prior year. Free cash flow was $297.8 million, compared to $286.3 million in the prior year.