Paysafe Limited (NYSE:PSFE) Q3 2022 Results Conference Call November 10, 2022 8:30 AM ET

Company Participants

Kirsten Nielsen - Head, IR

Bruce Lowthers - CEO

Izzy Dawood - Advisor

Alex Gersh - CFO

Conference Call Participants

David Togut - Evercore ISI

Jamie Friedman - Susquehanna

Darrin Peller - Wolfe Research

Tim Chiodo - Credit Suisse

Dan Perlin - RBC Capital Markets

Operator

Greetings, and welcome to the Paysafe Third Quarter 2022 Earnings 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 conference over to your host, Kirsten Nielsen, Head of Investor Relations for Paysafe. Thank you. You may begin.

Kirsten Nielsen

Thank you, and welcome to Paysafe's third quarter 2022 earnings conference call. 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 Company's most recent SEC reports. These statements reflect management's current beliefs, 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 information that will constitute non-GAAP financial measures under SEC rules. 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; Izzy Dawood, Advisor; and Alex Gersh, Chief Financial Officer. After our prepared remarks, we will address questions received from shareholders through the Say Technologies platform. After that, we'll take questions from the analyst community.

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

Bruce Lowthers

Thanks, Kirsten. Good morning, everyone, and thank you for joining us today. Let's start with slide 3.

On the last earnings call, which was my first quarter as CEO of Paysafe, I shared my early observations on the state of the Company and the path forward. We discussed the initial steps we were taking to return to our roots of product innovation, rebuild a strong sales engine and to improve efficiency. I'll share more on our progress in these areas later in my remarks.