Firm expects 2016 revenue to reach up to USD 990M
Paysafe Group says “on track” to achieve expectations
London-listed payment solutions provider Paysafe Group has said that it expects 2016 revenue to reach up to USD 990M.
2016-11-10
Reading time 34 seg
London-listed payment solutions provider Paysafe Group has said that it expects 2016 revenue to reach up to USD 990M.
Paysafe expects full year revenue to be in the region of $970m to $990m, with an adjusted EBITDA range of $287m to $293m, based on a margin of 29.6 per cent.
"I am delighted to report that we are on track to achieve the upgraded revenue and adjusted EBITDA projections for the current financial year which we set out at the time of our half-year results in August, all while maintaining our focus on further expanding our payments business and enhancing our core technology platform," Paysafe president and CEO Joel Leonoff said.
"We remain focused on delivering innovative payment solutions that serve the evolving needs of the merchants we work with and look forward to updating the market on our FY 2016 results in early 2017."
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