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May 11 , 2021 Paysafe : Paysafe Reports First Quarter 2021 Results and Reaffirms 2021 Outlook LONDON -- ( BUSINESS WIRE ) -- Paysafe Limited ( " Paysafe " or the " Company " ) ( NYSE : PSFE ) ( PSFE.WS ) , a leading specialized payments platform , today announced its financial results for the first quarter of 2021 . First Quarter 2021 Financial Highlights ( metrics compared to first quarter of 2020 ) • Revenue of $ 377.4 million , increased 5 % • Net loss attributable to the Company of $ 49.1 million , compared to net loss of $ 51.1 million • Total Payment Volume of $ 27.7 billion , increased 8 % • Adjusted EBITDA of $ 113.2 million , approximately flat • Reaffirmed 2021 full year outlook Philip McHugh , CEO of Paysafe , stated , “ As we embark on our next chapter as a public company , we are pleased to deliver solid financial results in the first quarter , including continued strength from online and e - commerce volumes . Alongside this , we made excellent progress on our strategic initiatives across North American iGaming and emerging eCommerce verticals , while achieving milestones to further scale our platform and unlock value . Looking ahead , with our great market positions and unique , two - sided network , we believe that Paysafe remains well positioned to deliver consistent double - digit growth and drive operating leverage . " Strategic and Operational Highlights • Listed as a new public company following merger with Foley Trasimene Acquisition Corp. II ( " FTAC " ) • Announced new Board of Directors chaired by Bill Foley and comprising diverse , proven leaders • Strengthened balance sheet with debt repayment of $ 1.2 billion • Capitalizing on strong momentum in North American iGaming , including 66 % revenue growth , product enhancements and exciting launches • Expanding in emerging verticals across digital wallets , eCash , and eCommerce ( e.g. launched cryptocurrency offering to the U.S. in partnership with Coinbase ) • Seeing small to medium - sized business recovery in the U.S. , particularly strong year over year growth in the first quarter in U.S. Acquiring • Delivering on transformation initiatives , including the migration of Paysafe's solutions to the cloud ( on track to meet or exceed 2021 target of 70 % ) and capturing cost efficiencies across key functions • Achieved extension of Paysafe's Carbon Neutral® certification for 2021 and 2022