Paysafe Limited (NYSE:PSFE) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET

Company Participants

Kirsten Nielsen - Head, Investor Relations

Bruce Lowthers - Chief Executive Officer

Izzy Dawood - Chief Financial Officer

Conference Call Participants

George Mihalos - Cowen

Dan Perlin - RBC Capital Markets

Jason Kupferberg - Bank of America

David Togut - Evercore ISI

Scott Wurtzel - Wolfe Research

Timothy Chiodo - Credit Suisse

Andrew Hummel - WestPark Capital

Operator

Greetings. Welcome to the Paysafe Q1 2022 Earnings Conference Call. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to your host, Kirsten Nielsen, Head of Investor Relations. You may begin.

Kirsten Nielsen

Thank you and good morning. Welcome to Paysafe’s first 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 periodic 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 could 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.

With me today are Bruce Lowthers, who joined Paysafe as CEO on May 1; and Izzy Dawood, our CFO. While many of you are already familiar with Bruce from his 15-year tenure at FIS, I am delighted to have him with us on the call today to introduce himself to you directly. Following a few remarks from Bruce, Izzy will discuss our strategic highlights and financial results in more detail.

With that, I will turn the call over to Bruce.

Bruce Lowthers

Thanks, Kristen. Good morning, everyone and thank you for joining us today. Before I jump into the quarter, I want to acknowledge the ongoing tragic events in Europe following Russia’s invasion of Ukraine in February. We are committed to helping our European teammates through this tragedy. Izzy will discuss the impact of the wars having on our results a little later. Having started last week and visiting our major European offices, I appreciate the warm welcome from the Paysafe team and for the trust the Board has placed in me to lead Paysafe at such a pivotal time. I also want to thank Philip for his leadership over the past few years during this time. He not only took Paysafe public, he also navigated the company through the pandemic and laid important foundations for us to build upon. Having been in this role for 10 days now, I am mostly in listen-mode today, but I am happy to share a few observations and background on why I have joined the company.