Paysafe Limited (NYSE:PSFE) Q4 2022 Results Conference Call March 9, 2023 8:30 AM ET

Company Participants

Kirsten Nielsen - Head, IR

Bruce Lowthers - CEO

Alex Gersh - CFO

Conference Call Participants

Matt Roswell - RBC

David Togut - Evercore ISI

Scott Wurtzel - Wolfe Research

Tim Chiodo - Credit Suisse

Jamie Friedman - Susquehanna

Aditya Buddhavarapu - Bank of America

Operator

Greetings, and welcome to the Paysafe Fourth Quarter and Full Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to Kirsten Nielsen, Head of Investor Relations. Thank you. You may begin.

Kirsten Nielsen

Thank you, and welcome to Paysafe’s Earnings Conference Call for the Fourth Quarter and Full Year 2022. Before we begin, a 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 Company’s most recent SEC reports. These statements reflect management’s current assumptions and expectations and are subject to factors that could cause actual results to differ materially from those forward-looking statements.

You should not place undue reliance on these statements. Forward-looking statements during this call speak only as of the date of this call, and we undertake no obligation to update them. Today’s presentation also contains non-GAAP financial measures. You can find additional information about these non-GAAP measures and reconciliations to the most directly comparable GAAP financial measures in today’s press release and in the appendix of this presentation, which are available on the Investor Relations section of our website.

Joining me today are Bruce Lowthers, Chief Executive Officer; and Alex Gersh, Chief Financial Officer. After our prepared remarks, we will answer questions received from shareholders through the Say Technologies platform. After that, we will take questions from the analyst community.

With that, I’ll turn the call over to Bruce.

Bruce Lowthers

Thanks, Kirsten, and thank you, everyone, for joining us. If you’re following along on our webcast, let’s begin on slide 3.

When I joined Paysafe, we said our focus would be on returning to growth in the back half of the year and into 2023, and we’ve done exactly that. In the fourth quarter, revenue of $384 million increased 8% on a constant currency basis, exceeding our most recent guidance, resulting in 9% growth in the second half. Full year revenue was approximately $1.5 billion, an increase of 5% on a constant currency.