Paysafe Limited has revealed its financial results for the fourth quarter and the entire fiscal year 2024, showing a recovery in net income and consistent sales growth.
The company’s Q4 revenue of $420.1 million was a little 1% rise over the same quarter in 2023. Paysafe notably improved from a Q4 2023 net loss of $12.1 million to a net income of $33.5 million, or $0.54 per diluted share.
Nevertheless, adjusted EBITDA for the quarter was $103.3 million, a 15% year-over-year decrease.
For the full fiscal year, Paysafe reported a total revenue of over $1.7 billion, reflecting a 6% increase compared to the previous year. Net income for 2024 climbed to $22.2 million, or $0.36 per diluted share, reversing the $20.3 million net loss recorded in 2023. Adjusted EBITDA for the year stood at $452.1 million.
CEO Highlights Growth Strategy for 2025
Paysafe CEO Bruce Lowthers emphasized the company’s progress and long-term growth plans. He stated, “We’ve made incredible progress, delivering on our priorities and executing our three-year growth plan. By transforming our business and focusing on the biggest opportunities in the experience economy, we’re positioning Paysafe for long-term, sustainable growth.”
Looking ahead, Lowthers outlined Paysafe’s strategy for 2025, saying, “In 2025 our mission is clear: drive revenue through product innovation, improve sales efficiency, create new partnerships, and scale for better customer and employee experiences. With our foundational turnaround now behind us, we are looking forward to our third year of organic revenue growth.”
With a solid financial performance and a clear roadmap, Paysafe aims to strengthen its market position through innovation and strategic expansion in the coming year.
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