Paysafe (US:PSFE) The Motley Foolยท2024-05-14 21:18Core Insights - Paysafe's Q1 report showed strong performance, leading to a significant increase in stock price by 20.2% following the results announcement [1] - The company reported non-GAAP earnings per share of $0.57 on sales of $417.7 million, surpassing analyst expectations of $0.55 per share on revenue of $408.2 million [2] - Revenue grew by 8% year over year, driven by a 7% increase in total payment volume, reaching $36.1 billion in transaction value [3] Financial Performance - Adjusted net income rose approximately 7% year over year to $35.3 million, despite ongoing expansion of the sales team [3] - Paysafe reiterated its full-year revenue guidance for 2024, expecting sales between $1.69 billion and $1.71 billion, aligning with analyst estimates [4] - The company also guided for adjusted EBITDA to be between $473 million and $488 million, maintaining previous targets despite concerns over rising selling costs [5]