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The Markets
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Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
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Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
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Financial Services

Paysafe expects earnings beat for 2016

Strong growth in payment processing and digital wallets is contributing to a strong performance in the year so far.

Shares in digital payments firm Paysafe Group PLC (LON:PAYS) gained almost 8% as it said it expected 2016 revenue and underlying earnings to be ahead of market consensus.

Strong growth in payment processing and digital wallets is contributing to a strong performance in the year so far.

Paysafe expects full year adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) to be in the range of $270mln - $276mln, compared to market consensus of $260mln.

Revenue is expected to be in the range of $950mln - $970mln, against consensus of $911mln.

Shares added 7.7% to stand at 419.8p.

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