Paysafe reports Q2 adjusted EPS 59c, consensus 7c

Reports Q2 revenue $439.9M, consensus $425.34M. CEO Bruce Lowthers commented: “Paysafe’s momentum continues with higher quality revenue growth accelerating to 9% in Q2, driven by strong performance across all major product lines and execution on our 2024 strategic initiatives and investments. These efforts continue to strengthen our foundation and position us for sustainable long-term success. Given our robust performance in the first half of the year, we are raising our revenue guidance for 2024 to a growth range of 7% to 8%, 125 basis point increase at the mid-point from our original 2024 guidance mid-point.”