Paysafe’s Revenues, Operating Profits Strike All-Time Highs in 2016

Paysafe Group plc (PAYS.L), a provider of digital Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and solutions, has reported its preliminary results for the year ending December 31, 2016 – the group saw an all-time high across key metrics, en route to a successful year-end filing.

Paysafe’s revenues experienced strong growth in 2016, rising to an all-time high of $1.0 billion vs. just $613.4 million in 2015, or 63.0 percent year-over-year. The group’s adjusted EBITDA margin was also on the uptick, climbing to $300.8 million in 2016 from $152.6 million in the year prior – good for a 97.1 percent ascension year-over-year.

Looking at its operating profits, Paysafe also saw a successful year in this metric, which reported $194.4 million in 2016, justifying a growth of 641.9 percent year-over-year from $26.2 million in 2015. This strength extended towards its earnings-per-share (EPS) on a diluted basis, which showed a figure of $0.42 in 2016, up from $0.26 in 2015.

Paysafe also saw its net debt drop precipitously in 2016, with the figure waning to $279.8 million against $431.3 million in 2015, which represents a decline of -35.1 percent year-over-year.

According to Paysafe’s Chairman Dennis Jones in a statement on the financials: “This is our first full year as Paysafe, and it’s been a year of continuing change, with growth, agility, and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term at the heart of our business. The management team has not only delivered on the promise of our Skrill acquisition but continued to grow and diversify our capabilities, while delivering an impressive financial performance.”

“We have big ambitions in a sector that is rapidly accelerating. We will continue to invest strategically and have commenced development of our consolidated, comprehensive and scalable payments platform. I am confident in the Group’s ability to retain this positive momentum into 2017 and we are passionate about delivering the products and services to support the changing payment needs of consumers and merchants in an evolving digital economy,” explained President and Chief Executive Officer Joel Leonoff.