Yet, it’s not just the company’s bad quarterly numbers that resulted in many souring on it. It may seem unfair to judge PSFE stock just on results from one fiscal quarter. Lackluster Performance Will Likely Continue The market accurately realized it wasn’t one and readjusted its valuation accordingly. But it’s a problem if you try to sell yourself as a rising star. 30 ($353.6 million) was basically unchanged compared to the prior year’s quarter ($355.5 million).Įnding up roughly even-steven may not be the worst thing in the world. Quarterly revenue overall for the quarter ending Sept. iGaming revenue by 50%, weakness in its European gaming operations resulted in revenue for its Digital Wallet segment dropping 15% year-over-year. iGaming are just making up for weakness across its legacy businesses.įor example, despite growing its U.S. Instead of growing total sales, areas of strength like U.S. However, when you take a look at their financial results now, it isn’t pretty.Īlthough experiencing high growth in certain areas, overall, the business is floundering. Throughout the slide deck, the company makes the case why, thanks to projections of steady revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) growth, this was a company deserving of a premium valuation. Take a look at the investor presentation released when Paysafe’s SPAC deal was first announced a year ago, and you’ll see why investors initially were willing to price it at a premium.