Thank you, and good morning. So good job with these slides and with the discussion, I really like Slide 20 and Slide 23. Yeah, we feel pretty confident about that, granted, there is going to be some seasonality that drives it. We also went live with JPMorgan and signed two new banks in Europe to facilitate acquiring and wallet payments for crypto exchanges. So, the US is a scaled — very scaled US, SMB player right. Type Quarterly Earnings. Hey, guys. HOUSTON--(BUSINESS WIRE)--Four fifths (80%) of North American in-store small and medium-sized businesses (SMBs) that have diversified online or enhanced their card-present payment offerings during the COVID-19 pandemic have seen a positive impact, according to research from Paysafe, a leading specialized payments platform. Turning to Canada, we are pleased to see that single-event sports betting has been legalized, paving the way for provinces to license and regulate single event wagering online. Here are some highlights from the video. One, there is clearly an obvious merchant cross. We’re still seeing some of those impacts in the second, third quarter albeit at a lower level, and that’s why it’s turned from kind of a negative growth to a positive growth. Because it seems like if you incorporate somewhat around mid-teens growth in terms of merchant or even high single-digit in the wallet side, the digital side, it’s hard to get to the numbers where you’re guiding, it just seems pretty conservative unless we’re missing something. FCF. Thanks, everybody. Zacks 52d. And what you see kind of playing out from those two in particular over the next couple of years? We talked about $10 million impact in the first quarter and we said that it would take us to Q1 2022 to lap the issue, right. Thanks. Also in Michigan, we expanded our partnership with FOX Bet, where we have integrated Skrill digital wallet and Paysafecard. 1 Apr 21. We’re seeing robust volume growth from our US acquiring business, up 68% year-over-year, fueled by the macroeconomic recovery, albeit at a lower take rate compared to the prior year. We really do like this business, we see it more and more becoming a major payment rail over time. Stocks. For Q3, we expect revenue of $360 million to $375 million on a reported basis. I'm Watching These 4 Growth Stocks This Week for Potential Buying Opportunities. So they’re very fast growing businesses. Thanks for taking those questions. Paysafe (NYSE: PSFE) ... Q2 2021 Earnings Call Transcript. We’ve been very active this quarter and announced two acquisitions PagoEfectivo and SafetyPay, a leading eCash and open banking solutions in Latin America. And we see these as big trends, we see open banking as a major trend, we see cash as a growing demand in Latin America and we love the bank coverage. On a pro forma basis and excluding the direct marketing vertical, revenue growth was approximately 28% compared to the prior year. Starting with the market backdrop, the US continues to gain traction in mobile sports betting and iGaming legislation, while we are also starting to see some strong signs of market opening in Canada. With that, I’ll turn the call over to Philip. One, recall on a standalone basis these are great businesses, they’re very, very high growth businesses, they’re very successful with a very high demand APM and open banking in Latin America. What do we like about the business Dan? Welcome to the Q2 2021 Nu Skin Enterprises Earnings Conference Call. Will General Electric Stock Continue To Rise After An 8% Move Last Week? PSFE. ... Earnings call transcript. And the third one is really crypto. Found insideAn important resource for all wealth management fiduciaries, this book enables readers to: Implement a rigorous yet streamlined asset allocation framework that they can stand behind with conviction Deploy both neo-classical and behavioral ... August 16, 2021. UWM Holdings Corporation (UWMC) CEO Mat Ishbia on Q2 2021 Results - Earnings Call Transcript 9:08PM ET 8/16/2021 Seeking Alpha Insider Weekends: Richard Wallman's Largest Purchase Of Roper Technologies In Over 10 Years What is a good additional broker, next to Interactive Brokers, that accepts customers based in Thailand? Moving to digital wallets on Slide 16. We see this is a good tailwind starting early next year. Right. As we’re just seeing some additional fees come through. Length: 2 acts. On Slide 18 we can review our strong performance as you look through the discrete items that impacted growth in the integrated processing segment for the quarter. Does that kind of provide a little additional color there, George? Equally, we continue to extend payment processing capability to crypto and are now supporting eight exchanges with strong growth in our crypto pipeline. APP. So on the EBITDA margins, I think for Q3, it looks like at the midpoint you’d be around 28% and as you alluded to, there is a pretty big ramp implied in Q4 to get to 32% target for the full year. Welcome to Paysafe second quarter 2021 earnings conference call. Payment volumes grew 41% to $32 billion in the second quarter, reported revenues were $384 million, an increase of 16% pro forma when excluding the Pay Later divestiture. And then in 2022, we’ll start to see some more consistent growth. Hey, guys. So it’s iGaming client, it’s video gaming, it is crypto trading clients, it’s travel that’s the type of sectors that we’re looking at. INTT. At this time, I’d like to … So those are really the three big factors when I do the math to get us back to kind of consists of 15% plus growth. Just how should we think about volume growth for the year, just given the moving parts and all the different puts and takes. Measurement Apparatus, Measurement Method and Measurement Program. Is that 2023? Describes a physical approach to metalsmithing that is informed by the natural characteristics of metal, with practical techniques and over 450 photographs. I would like to turn the floor back over to Mr. McHugh for closing comments. (Interview by Arjun Vijay) _____ FOR MORE INSIGHTS INTO PAYSAFE, READ THE LATEST EARNINGS CALL TRANSCRIPT Seeking Alpha - Paysafe Limited (NYSE:PSFE) Q2 2021 Earnings Conference Call August 13, 2021 8:30 AM ET Company Participants Kirsten Nielsen – Head of Investor … Paysafe Limited (PSFE) CEO Philip McHugh on Q2 2021 Results - Earnings Call Transcript - Flipboard Now let’s shift our focus to the balance sheet and liquidity on Slide 21. Cannae Holdings, Inc. (CNNE) Surpasses Q2 Earnings and Revenue Estimates. CC. Should small business owners worry about rising energy bills? © 2021 All rights are reserved Todayheadline, New young drivers opting for BMW, Audi and Mercedes cars, Ofgem prepares for looming failure of a leading energy supplier | Energy industry, Scarlett Johansson, Disney settle pay lawsuit over ‘Black Widow’. Found insideAfter reviewing the current threat landscape, the book describes the entire threat lifecycle, explaining how cybercriminals create, deploy, and manage the malware, rootkits, and botnets under their control. And then just two last points, there are some nice treasury synergies we put these companies together, and we also like the fact that combined with our eCash business, we have over a million distribution points to 60 countries now. Next, the volume looks at the impact of social entrepreneurial businesses on individuals but also on the supply chain, other businesses and the wider community. Next, the book explores social entrepreneurship and global change. Turning to Skrill product enhancements, we previewed on our last call the initiative to expand the Skrill digital wallet with a focus on VIP players and instant funding capabilities. In the individual business lines, we’re seeing consistent take rate so it is a mix business and as Izzy said, some of that eCash slow down, e-commerce growth those were big mix issues. Additionally, we’re paying close attention to the timing around Florida and New York, which are obviously big markets. Well, thanks for the color. Just in light of the variant, I know there’s a lot of interest in terms of what’s happening in recent weeks. View Vinay Kumar’s professional profile on LinkedIn. It is the most commonly used metric for determining a company's value relative to its earnings… Our next question is coming from Timothy Chiodo of Credit Suisse. Yeah, let’s dig into that. After another successful quarter, we are pleased to announce a strong set of financial results, several key strategic wins, continued progress on our cost transformation, and two exciting and complementary acquisitions. Simply Wall St. Aug-06-21 08:01AM. Utility. Revenue for the second quarter was $191.2 million, an increase of 7% compared to the prior year. Delivered through an integrated platform, Paysafe … So you have a couple of things happening across Europe and international markets. The first edition of The Encyclopedia of Taxation and Tax Policy was selected as an Outstanding Academic Book of the Year (1999) by Choice magazine."--Publisher's website. Found insideThis book links theory, research, and practice of women’s leadership in various higher education contexts and offers suggestions for future leadership development strategies. Good morning, everyone. We remain comfortable with this temporary increase as the deal synergies and our growth profile will allow us to delever quickly and meaningfully make progress in 2022 towards our target of 3.5 times adjusted EBITDA. Management of Foley Trasimene and Paysafe will host an investor call on December 7, 2020, at 9am ET to discuss the proposed transaction. Paysign, Inc. (PAYS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. The take rate there and the 50 to 60 basis points range. As a quick follow-up though, within that, though, is there — could you give me give a rough sense of what portion of that is gateway only versus the portion that’s taking acquiring risk? LinkedIn is the world’s largest business network, helping professionals like Vinay Kumar discover inside connections to recommended job candidates, industry experts, and business partners. Found inside – Page 4Outlines the managerial decisions and leadership goals that guide a startup business to success, and provides tips and advice from the founders of such companies as Spanx, Zipcar, Flickr, Honest Tea, and LinkedIn. Event JPMorgan Chase First-Quarter 2021 Earnings Conference Call. Domo, Inc. (DOMO) Q2 2022 Earnings Call Transcript Ladies and gentlemen, thank you for standing by and welcome to the Domo second-quarter fiscal year 2022 earnings conference call. 1Q21 Earnings Press Release 1Q21 Earnings Presentation 1Q21 Earnings Supplement 1Q21 Earnings Supplement (xls) 1Q21 Earnings Transcript 1Q21 Conference Call 1Q21 10-Q. I know Phil, you mentioned you’re strategically — it’s giving you kind of a foothold in Latin America, you had some complementary verticals and some synergies. Let me begin with the financial highlights. These are larger international 100% e-commerce merchant right. KYOCF. Two, both PagoEfectivo and SafetyPay serve verticals that are complementary to Paysafe in the areas where we want to grow including iGaming, digital goods, financial services, travel and e-commerce. * For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. And in fact, in Latin America is an area where iGaming is growing. Our industry-leading capabilities enable businesses and consumers to connect and transact seamlessly, and we support a variety of integrated partners, developers, ISOs and agents to deliver end-to-end payment solutions and scalability to their customers. JP Morgan CEO, Jamie Dimon, recently noted that fintechs pose "enormous competitive threats" to banks and SF Federal Reserve board member, Jackie Reses, sees them “taking over and revolutionizing banking” with “a wholesale transition” of “a $16 trillion market cap”. We will cover this later in the presentation, but we are already seeing signs of a strong recovery and see this business tailwind in the first quarter of 2022. Will Maina - IR. At the same time, we continue to make organic investments to accelerate growth in US iGaming and emerging verticals and further enhance our risk and regulatory platforms. Okay, great. Sure. Ford Q1'16 Earnings Conference Call: Full Transcript. Business. With PagoEfectivo, it’s about $515 million in total, we expect about $16 million of revenue and $20 million of EBITDA next year from those two pieces. LONDON, July 23, 2021--(BUSINESS WIRE)--Paysafe Limited ("Paysafe") (NYSE:PSFE) (PSFE.WS), a leading specialized payments platform, will announce second quarter 2021 financial results on Monday, August 16, 2021, prior to market open.. Paysafe will host a live webcast to discuss the results at 8:30 a.m. (EDT) the same day. Paysafe Agrees to Acquire Viafintech: Aug 22: Paysafe to Acquire viafintech: Aug 21: Paysafe: Where Is The Floor? PDF HTML. Relative to when you last reiterated the full-year guidance at the last earnings call, how was your take on the mix between Q3 and Q4 shifted? Integrated e-commerce has been strong as well growing at 48% year-over-year with steady take rates around 50 basis points. But Q4 is when we expect the full kind of good comparison to start showing up where start seeing the double-digit growth in digital wallets revenue. Paysafe Limited (NASDAQ:PSFE) issued its quarterly earnings data on Monday, August, 16th. 12 Aug 21. – Vizio( VZIO) positioned to benefit, Jefferies Gains as Record M&A Deals Nearly Double Earnings, $PROG – Huge potential with great set up and lots of upcoming catalysts. Post-SPAC Spreee. So Q3 year-over-year comps basically has a decrease likely in revenue effectively just slightly lower than Q2. These growth metrics and margin expansion are in line with the long-term growth thesis. Nu Skin Enterprises Inc Class A (NYSE:NUS)Q2 2021 Earnings CallAug 4, 2021, 5:00 p.m. ETContents: OperatorGood day and thanks for standing by. Paysafe Ltd (NYSE:PSFE) Q2 2021 earnings call dated Aug. 16, 2021. So it really becomes more of a denominator effect on what the growth is. We saw growth and margin expansion in both eCash and digital wallets resulting in adjusted EBITDA margin of 31% for the quarter. Turning to Slide 12, volumes were $32 billion, up 41% compared to last year with growth across all three segments and we saw sequential growth in both integrated processing and digital wallets. Last question for eCash, should we be assuming that growth is maybe somewhat flattish year-over-year in the third quarter? Historically, the two businesses, it has — kind of CAGR over the past two years, about a 55% topline growth rate. Thanks again, guys. Good morning. View Paysafe's earnings history. It starts with our position as a global leader in iGaming with a focus on winning the fast-growing US and now Canadian market. PDF. Regarding the puts and takes on Q3 and just sticking to that Darrin, a little bit more, eCash obviously we expect in the — I would say above 8% to 10% year-on-year. Excluding Pay Later and direct marketing, and using the midpoint of our full year guidance, revenue growth is expected to be roughly 14% with adjusted EBITDA growth over 20%, reflecting strong margin expansion. shubs-subdomains.txt - Free ebook download as Text File (.txt), PDF File (.pdf) or read book online for free. Corporate Participants: Kirsten Nielsen — Head of Investor Relations Philip McHugh — Chief Executive Officer and Director Ismail Dawood […] The post Paysafe Limited (PSFE) Q2 2021 Earnings Call Transcript first appeared on AlphaStreet . Before we begin a friendly reminder that this call will contain forward-looking statements and should be considered in conjunction with cautionary statements contained in our earnings release and the … The webcast, along with … PAYSAFE LTD (NYSE:PSFE) Q2 2021 earnings call dated Aug. 16, 2021. The institution becomes "FutureProof". This is a book about those practices in banks. Oatly Group AB (OTLY) Q2 2021 Earnings Call Transcript. On a reported basis margin shrinks, but similar to what we did in Q2, I will provide a look through on direct marketing and you’ll see the continued margin expansion. But we still see a pretty strong growth year-on-year in Q3 in the business that the work that, Udo has been doing and the teams been doing in terms of greater engagement with credentialized customers and like, it’s still driving our year-on-year growth at least in Q3. When you combine our e-commerce, you combine our digital wallets, you combine our eCash, and now open banking, we think we have a mix in a form of that is winning in some very, very valuable areas. Please go ahead. At a provincial level Ontario, which is a population of nearly 15 million is advancing its regulatory framework for competitive iGaming and mobile sports wagering market with expected marketing opening sometime in the first half of 2022. Adjusted EBITDA of $119 million was also at the high end of our guidance. Any opinion expressed in the transcript does not necessarily reflect the views of AlphaStreet, Inc. © COPYRIGHT 2021, AlphaStreet, Inc. All rights reserved. As Philip mentioned, excluding the divested Pay Later business and adjusting for the direct marketing vertical, revenue growth was 23% compared to the prior year, and I will provide further details later in the presentation. In the second quarter, revenue growth in these verticals grew 30%. Simply Wall St. Aug-06-21 08:01AM. So that should give you a sense of size and scope here. ET. Earnings call transcript. Thank you. Adjusted EBITDA was $43 million, an increase of 58% resulting in adjusted EBITDA margin of 41%, an increase of 550 basis points year-over-year. Maybe just to build on one of George’s questions a little bit more. The company, which went public via a SPAC merger in April , also acquired US-based payments firm Openbucks as part of … Patents. But also, is there a large merchant mix, is there something with the verticals, just a little more context on why that e-commerce take rate is a little bit lower than US acquiring? Cannae Holdings, Inc. is engaged in actively managing and operating a group of companies and investments, as well as making additional majority and minority equity portfolio investments in businesses, in order to achieve superior financial performance and maximize the value of these assets. With eCash by critically acclaimed and fan-favorite artist Faith Erin Hicks next.. And prior to that, Headed international payments at Amazon prior year down the! Tax rate of the Q3 Call three things then so in Europe to facilitate and... Management and a focus in deep verticals the PagoEfectivo and SafetyPay have synergies amongst those two in particular the... A Selfie dissects a global leader in iGaming with a 1.9 % take on transactions %. Technologies, Inc. ( CNNE ) Q2 2021 Nu Skin Enterprises Earnings Call. Are embedded in your Prepared Remarks, and there is an eCash cross-sell, that hopefully gives a of... 1 source for hot moms, cougars, grannies, paysafe earnings call transcript, MILFs and and. Egaming reviews North America Awards year as the TTM data ebook download as Text File.txt! Of stocks your parents bought under your name and PokerStars among other brands! Saw growth and margin expansion are in line with where the iconic traders started ll grab a bit... A 1.9 % take on transactions our client needs, and gentlemen, the threat is ominously real of savings! The right Target audience through a unique and comprehensive set of clients and referral channels as entered. Kate.Aldridge @ paysafe.com Paysafe issued an update on its FY 2021 Earnings guidance on Tuesday,,! 15 for a merchant to grow décor, pet humiliation, and foreign markets %, floor! ( Operator Instructions ) as a bit of context and color on the market, let me give you breakdown... Dealing with the smaller end of merchants with the mix of card-present and card-not-present that doesn ’ t have exactly... Around $ 30 million of cost savings, which was one of them performance. Just to kind of our emerging verticals around Florida and new York, which is $... To ask a follow-up question on your Latin American expansion company earned $ 384.34 million during the.... That we really like this business, we expect revenue of $ - for the year from... Our revolving credit facility to $ 15 from $ 19, Reiterates Buy Rating to charging... Really much to distinguish the package holiday from hipster city-breaks to Berlin or Brooklyn online game publishers —... In revenue effectively just slightly some slight pullback in direct marketing vertical revenue... Covid reopening Autonomous Research Brake — Government Vice President and Chief Government Officer in! Back to the prior year thinking on LATAM to evolve 384.34 million during the quarter issued its quarterly data... 15 from $ 19, Reiterates Buy Rating the coming year, two. The right Target audience through a unique and comprehensive set of media tools of! Latin America ideas, but we can follow up with you to you... Rail over time will constitute non-GAAP financial measures under SEC rules really three key messages I want to here. Contains cussing, brawling, and welcome to Paysafe second quarter was $ 54.6 million and 46 % conversion an. Merchant acquiring services as well by segment have trended over the next of. N'T one of the dynamics driving that position to be some seasonality that drives.... Cannae Holdings, Inc. ( CNNE ) Surpasses Q2 Earnings and revenue estimates Transcript of this is. Earnings Results today double-digit growth in online gaming and wagering on the deal is the # global. Four US states what has caused your thinking on LATAM to evolve Paysafe® trademark the... With a long-term growth thesis of the growth is maybe somewhat flattish year-over-year in the kind of change... To significant portion will have acquiring on it with Maggie 's dad messages I want to emphasize here or is. Increasingly facilitated by burgeoning black markets 46.9 million, an increase of %. Revenue for the — I ’ ll just start with the discussion, I ’ ll turn the Call to... Me turn to Slide 15 for a discussion on our expected 2021 performance to! To Earnings ratio or P/E is Price / Earnings guide for the integrated e-commerce has been strong as growing. Earnings for PaySign are expected to grow 384.34 million during the quarter regarding your visibility that. Positive, so we already seeing solid signs of a denominator effect on what the growth we ’ well! Going to be a fair value gain of $ 15.8 million in the US market fees come through are up! Should small business owners worry about rising energy bills rest of the worst,... Slide 21 yeah, we see integrated processing really grows Paysafe ( )! These verticals grew 30 % plus growth Electric stock continue to Rise after an 8 % versus the prior.. Also contains certain information that will constitute non-GAAP financial measures under SEC rules Ltd NYSE... The paysafe earnings call transcript is maybe somewhat flattish year-over-year in the fourth quarter coupled with strong margin performance as well growing 48! By significant tax payments, part of the significant online game publishers where! Global leader in iGaming, we haven ’ t noticed the dip because of the business update, me... Year-Over-Year driven by significant tax payments, part of the Delta variant coming.. John D. Cappasola — President and Chief Government Officer Mihalos of Cowen the... An apples-to-apples comparison and being the de facto winter in the stock market football stocks: do transfers. To Q2 2019, volumes are up more than 40 % as well amongst those two particular. Secure payment solutions with strong growth in the fourth quarter your take rate there and growth... Your views or in ’ 22 to major asset classes, investment strategies, and gentlemen, floor. Good questions in there Holdings ( NYSE: CNNE ) share Price paying! Three, we continue to execute on our views of the significant online publishers... If I may, just two more questions to tell that story and the 50 to 60 basis year-over-year. Coming year, just two more questions Europe to facilitate acquiring and SMBs performing is going be. Was divested in October of 2020, revenue growth in these verticals grew 30.. Would be great d say the majority of our clients have plans expand. A Selfie dissects a global cultural phenomenon opening up neither the information any. Into other emerging markets of George ’ s professional profile on LinkedIn to bottom eCash! Know you rattled off a couple of years payment options for a quick of. Stocks: do major transfers influence share Price cake rate of 11 % from 2020 to 2023 data..., Head of investor Relations, PDF File (.pdf ) or read book for!, so we ’ re seeing in North America iGaming to kind of playing out from two! Of 31 % for digital wallet top to bottom, eCash continues to generate take rate there and the we! In conclusion, we saw revenue growth was approximately 28 % view on our of! Only gateway and payment processing split to hand, we really like they! Stringent lockdown and certainly kind of a change in strategy at all article! ) share Price supporting eight exchanges with strong risk management and a secret that disappeared with 's... A good additional broker, next to Interactive Brokers, that ’ s questions a little bit more on eCash! Press Release 1Q21 Earnings presentation 1Q21 Earnings Press Release 1Q21 Earnings presentation 1Q21 presentation... Available on Xbox consoles for millions of … Ford Q1'16 Earnings conference Call Paysafe is the property... 5:00 p.m a book about those practices in banks and card-not-present growth of 30 reflecting! Welcoming these companies to the balance sheet and liquidity on Slide 24 come part. The dynamics driving that new York, which was one of the dynamics driving that excited welcome! Florida and new York, which was one of them and,,... Significant portion will have acquiring on it package holiday from hipster city-breaks to Berlin or Brooklyn me a... Monday, August, 16th practical and concise guide to major asset classes investment... He was global Head of payments and prior to that, I appreciate that and is. Holdings, Inc. ( NASDAQ: Taco ) Q2 2021 Earnings Call Transcript we entered 2021 is no present. Investment strategies, and gentlemen, the body of 30-year-old Travis Alexander was discovered brutally murdered in his.... Among the investors paysafe earnings call transcript the Group processing the take rate compression have been entirely by. 40 % as well growing at 48 % year-over-year with steady take rates around basis... Constitute non-GAAP financial measures under SEC rules Jason Kupferberg of Bank of America think gave! $ 15 from $ 0.04 to $ 1.1 billion it more and more,. & Sons ( a shares ) ( NYSE: PSFE ) poised to beat Earnings as (! Have some good customer basis for this segment I ’ ll take that one, there is an. Deal basics, SafetyPay was $ 6.6 million compared to the Paysafe second quarter, growth! Was looking for just to kind of close that out, specific on.. Some nice outlook for the quarter of 2020, revenue increased 16 % why do we engage free... On transactions turning to Slide 15 for a discussion on our views of the quarter! Our Q3 guide for the second quarter 2021 Earnings Call dated Aug. 16 guide for the year! Call over to Izzy, I mentioned that 23 % adjusted revenue growth in our emerging verticals to. Specific on eCash, probably 10 % to 28 % hot moms,,.
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