It is a familiar story by now that deserves its own cliché. Paysafe (PSFE) reported Q2 earnings on Monday morning, essentially meeting Street expectations, yet the stock dropped like a brick in the session, sinking by 15% after the company disappointed with its outlook. In Q3, Paysafe expects to deliver revenue between $360 million to $375 million. The analysts had in mind revenue of $389 million. The company also anticipates adjusted EBITDA of $95 - $100 million, a way off the Street’s estimate of $127 million. Looking back to the quarter’s display, revenue increased by 13% year-over-year to $384.
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Paysafe (NYSE:PSFE)
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Paysafe (NYSE:PSFE)
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