Paysafe reveals ‘strong’ financial performance in 2015

Paysafe Group, previously known as Optimal Payments, has announced slightly better-than-expected results for the 12 months through to December 31, 2015, with the firm revealing year-on-year growth across the business.

Full-year revenue totalled $613.4 million (€553.7 million), which represents an increase of 68% on the $365 million posted in the previous year.

Adjusted earnings before interest, tax, depreciation and amortisation was also up 77% to $152.6 million with an increased margin of 24.9%, while adjusted profit after tax jumped 60% year-on-year to $108.7 million.

However, Paysafe did note that statutory profit fell by 87% to $7.4 million, due to costs related to acquisitions during the 12-month period.

Adjusted diluted earnings per share increased by 15% to $0.26.

“2015 was another year of continued strong performance across the entire business; the Paysafe team is focused on building on the successes of our operations across all the payment-related needs we serve,” Paysafe chairman Dennis Jones said.

“We are well positioned for opportunities to consolidate our position as a proven leader and trusted innovator in the payments industry.”

Joel Leonoff, president and chief executive of Paysafe, added: “2015 was a tremendous year for our business; we operated at pace with focus, delivering growth both in terms of our financial results and the increasing range of payment products and services we provide around the world.

“I am pleased to report that the positive momentum we've shown in delivering our results slightly ahead of expectations in FY 2015 has continued into the early part of this financial year.”

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