acquiring and integrated eCommerce, as well as strong growth from the eCash segment. Excluding the divested business and the direct marketing vertical, growth from all other revenue was approximately 5% compared to the prior year, driven by the Integrated Processing segment, including growth from both U.S. Revenue performance compared to the prior year also reflects the impact of actions taken to improve the Company’s overall risk/reward profile in certain markets and channels, specifically related to the exit of certain clients in the direct marketing vertical within the Integrated Processing segment, which had an unfavorable impact on growth. Excluding Pay Later, revenue increased 2%. Growth was partially offset by a $7.7 million impact of a business divestiture (Pay Later) in October 2020. Total revenue for the third quarter of 2021 was $353.6 million, a decrease of 1%, compared to $355.5 million in the prior year. Gross Profit (excluding depreciation and amortization) Our position to win in high growth and disruptive markets including online sports betting and crypto continues to accelerate, coupled with strong delivery against our cost and technology platform targets." While the recent trend will drive an adjusted financial outlook, we continue to see strong momentum across the business. Philip McHugh, CEO of Paysafe, stated, "In the third quarter we reported Adjusted EBITDA in line with our expectations, despite softer than expected revenue, reflecting both market and performance challenges within the digital wallet business. Net loss attributable to the Company of $147.2 million, compared to net loss of $38.1 million, and inclusive of a non-cash impairment charge of $322.2 millionĪdjusted EBITDA of $106.4 million, decreased 1% Total Payment Volume of $31.1 billion, increased 19% (Metrics compared to third quarter of 2020) The register of the Financial Conduct Authority is available on November 11, 2021-( BUSINESS WIRE)-Paysafe Limited ("Paysafe" or the "Company") (NYSE: PSFE) (PSFE.WS), a leading specialized payments platform, today announced its financial results for the third quarter of 2021. Prepaid Services Company Limited is regulated by the Financial Conduct Authority (FCA) in the UK and is authorized to issue electronic money (registration number 900021). No commercial register: 5761861, Registered in the Commercial Court in London With my PLUS, my paysafecard rewards your loyalty.ĬEOs Bernd Egger, Udo Müller, Georg von Brevern So sign up without waiting for my paysafecard. Important Note: It is necessary to have a paysafecard my account to take advantage of my PLUS.
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