Paysafe Limited announced its financial results for the first quarter ended March 31, 2025, reporting revenue of $401.0 million, a 4.0% decrease from the first quarter of 2024. The company recorded a net loss of $19.47 million for the quarter, a significant increase compared to a net income of $3.06 million in the prior year period. Basic loss per share from continuing operations was $0.33, contrasting with basic earnings per share of $0.05 a year ago.
Despite the reported revenue decline and increased net loss, Paysafe highlighted an organic revenue growth of 5% for the quarter. CEO Bruce Lowthers noted that the company had anticipated a lower growth rate and margin profile during the first half of the year. Management remains confident in an acceleration in the second half, driven by existing contracts, sales pipeline execution, and new product initiatives.
The company reaffirmed its full-year 2025 outlook, indicating that its strategic transformation efforts are on track. Paysafe is particularly bullish on Latin America, citing initiatives like the PagoEfectivo brand in Peru, which is evolving into a unified digital wallet platform. This focus aims to leverage the region's FinTech boom and increasing adoption of digital payments.
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