Paysafe sees FY core earnings ahead of market expectations

Reuters News
Posted: Jan 08, 2016 2:43 AM

(Reuters) - Mobile payments company Paysafe Group Plc said it expects full-year revenue and core earnings to be ahead of market expectations, helped by strong growth across its product lines, particularly in its North American processing business.

Paysafe said it expects full-year 2015 adjusted earnings before interest taxation depreciation and amortization (EBITDA) before share-based payments and exceptional items to be about $150 million.

The company reported EBITDA of $86.1 million last year.

(Reporting by Rahul B in Bengaluru; Editing by Sunil Nair)