Paysafe's Strong Q1 Performance Leads to 20% Stock Surge
Tuesday, 14 May 2024, 21:18
Paysafe's Recent Q1 Results
Paysafe's stock price jumped 20.2% after releasing its impressive first-quarter earnings report. The company's revenue increased by 8% year over year, driven by a rise in total payment volume.
Reiterated Forward Guidance
Paysafe reaffirmed its 2024 revenue and adjusted EBITDA targets, calming concerns about increased selling costs.
Investors responded positively to Paysafe's strong performance and outlook, prompting a surge in the stock price.
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