Payments platform Paysafe Limited (NYSE:PSFE) today announced its financial results for the third quarter of 2024.
Net loss for the third quarter increased to $13.0 million, compared to $2.5 million in the prior year period, largely reflecting an increase in other expenses due to a loss on foreign exchange.
Total revenue for the third quarter of 2024 was $427.1 million, an increase of 8%, compared to $396.4 million in the prior year period, reflecting 7% growth in total payment volume.
Excluding a $1.4 million favorable impact from changes in foreign exchange rates, total revenue increased 7%.
Revenue from the Merchant Solutions segment increased 11%, reflecting double-digit growth in e-commerce as well as growth from small and medium-sized businesses (“SMBs”) driven…
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