Payments Paysafe Limited (NYSE: PSFE) today announced financial results for the second quarter of 2025.
The revenue reported for the second quarter of 2025 was $ 428.2 million, a 3%decrease, compared to $ 439.9 million for the second quarter of 2024, as the previous year’s period included $ 36.7 million in revenue.
The increase in organic revenue was 5%, reflecting 6% organic growth from commercial solutions, led by double -digit e -commerce growth and 3% organic development from digital wallets.
Net damage for the second quarter amounted to $ 50.1 million, compared to $ 1.4 million in the previous period. The net loss included $ 30.6 million in income tax costs related to the recognition of valuation compensation against the United Kingdom’s tax assets, which is a non -cash expenditure that does not affect the current or future tax payments.
The increase in net damage also reflects the reduction of operating incomes of $ 16.0 million mainly linked to the ordered business and increased non -operating costs, including higher damage to foreign foreign exchange and legal costs.
Customized net income for the second quarter decreased to $ 27.6 million, compared to $ 36.3 million in the previous period, reflecting the reduction of custom EBITDA, as the previous year’s period included $ 25.4 million.
The customized EBITDA for the second quarter decreased by 12% to $ 105.0 million, compared to $ 119.0 million during the previous year, reflecting the heading of about 24 percentage points associated with ordered activities as described above. This was partly offset by the reduction of selling, general and administrative expenses, reflecting the discipline of costs and the non -repetitive nature of certain investments in the previous year to expand the company’s sales capabilities and optimize the portfolio.
Traffic in exchange rates was favorable to the second quarter revenue and EBITDA was adjusted by $ 9.6 million and $ 2.5 million, respectively. This was partially offset by a $ 4.0 million head in both revenue and custom EBITDA due to the reduction of interest revenue in consumer deposits.
The second quarterly cash flow was $ 39.6 million, compared to $ 54.1 million last season.
The Unlevered free cash flow amounted to $ 53.9 million, compared to $ 70.0 million last season.
Bruce Lowthers, CEO of Paysafe, commented:
“A very stable fourth with revenue, customized EBITDA and adjust EPS according to our expectations. We presented the increase in organic revenue by 5% and the strong adapted EBITDA increase when we exclude direct marketing business, reflecting our continuing execution of our strategic strategies. Combined with the overall strong performance by existing customers, a greater contribution than new customers’ wins and the start of innovative products.
Collectively, we remain on the right track to promote the strongest growth and improvement of the margin in the second half of the year. ”