By Chris Wack
Paysafe shares were down 20%, to $15.48, after the company reported fourth-quarter revenue that missed expectations, and gave 2025 revenue guidance below analysts' forecasts.
The payment technology company said it had quarterly revenue of $420.1 million, compared with $414.5 million in the same quarter last year. Analysts polled by FactSet were looking for revenue of $427.3 million.
Paysafe said that excluding a $1.8 million headwind from movement in foreign exchange rates, revenue increased 2%.
For 2025, the company said it is expecting revenue of $1.71 billion to $1.73 billion, below the $1.79 billion analysts are forecasting. Paysafe is also expecting adjusted earnings of $2.21 to $2.51 a share, compared with the $3 a share analysts are expecting.
Paysafe swung to a fourth-quarter profit of $33.5 million, or 54 cents, from a loss of $12.1 million, or 20 cents a share, last year. Analysts had forecast earnings of $17.1 million, or 29 cents a share.
Adjusted earnings came in at 48 cents a share, below analysts' estimates of 73 cents a share.
The company said it has received unsolicited preliminary non-binding expressions of interest concerning its takeover. Paysafe's board expressed confidence in prospects as a standalone company, but will consider any proposals that come its way. The board also said it has not initiated a sale process, and is only reviewing proposals.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
March 04, 2025 12:50 ET (17:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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