Paysafe issues trading update

DIGITAL PAYMENTS PROVIDER ON TARGET FOR FY 2016
 
Paysafe issues trading update.
 
Digital payments provider Paysafe plc issued a trading update Tuesday reiterating that it is on target for its FY 2016 results.
 
Covering the period since the release of the groups half-year results on 10 August, 2016, the company advised:
 
* Paysafe continues to perform in line with management expectations;
* Anticipated revenue and adjusted EBITDA remain unchanged, with revenue in the range of $970 million – $990 million and an adjusted EBITDA range of $287 million – $293 million, based on an adjusted EBITDA margin of 29.6 percent.
 
President and CEO Joel Leonoff said in the update:
 
"We remain focused on delivering innovative payment solutions that serve the evolving needs of the merchants we work with and look forward to updating the market on our FY 2016 results in early 2017."