What does Paysafe do and what are its main business segments?

Did Paysafe beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Paysafe next quarter?

What is Paysafe's gross profit margin?

What is Paysafe's latest dividend and current dividend yield?

What factors drove the changes in Paysafe's revenue and profit?

What were the key takeaways from Paysafe's earnings call?

What is the revenue and EPS growth rate for Paysafe year over year?

- **Strong Q3 Growth**: 6% organic revenue, 7% EBITDA, 37% EPS growth. $70M share buyback authorization.
- **Regional Strength**: North America +8%, Europe +8%, Latin America flat, Rest of World down double digits.
- **SMB Challenges**: 33% of revenue from low-margin ISOs, despite 20% new mid-growth.
- **Digital Wallets**: eCash product milestone, but delays in new solutions.
- **2025 Outlook**: 5-6% organic growth, EBITDA 4-5%, EPS $1.83-1.88. Aiming for 2026 EBITDA growth of high single digits.
- **Q&A Takeaways**: SMB growth requires patience, e-commerce risks in noncore verticals, wallet delays due to regulatory complexity.

**【CEO Summary Section】**
- **Q3 Financial Highlights**: Organic revenue growth of 6%, adjusted EBITDA up 7% to $126.6 million, and adjusted EPS of $0.70, a 37% year-over-year increase. $20 million returned to shareholders via share buybacks, with an additional $70 million authorized for repurchases.
- **Regional Performance**: North America grew 8% (50% from iGaming), Europe 8%, Latin America flat (due to a large contract renewal), and Rest of World down double digits (Skrill/Neteller decline).
- **Client Wins**: Signed with BetMGM for Ontario online payments, expanded with Underdog in predictions markets, and added eCash solutions for Stake.com and Betano.
- **SMB Growth**: New mid-growth accelerated to 20% in Q3, but margin pressure from 33% of revenue coming from lower-margin ISOs.
- **Digital Wallets**: eCash product registrations hit 500,000, PagoEfectivo wallet launched in Peru, but delays in new wallet solutions due to regulatory complexity.

**【CFO Financial Commentary】**
- **Financial Results**: GAAP net loss of $87.7 million (non-cash tax adjustment), unlevered free cash flow of $83.6 million (66% conversion). Full year guidance updated to 5-6% organic growth, adjusted EBITDA 4-5%, and EPS $1.83-1.88.
- **Segment Performance**: Merchant solutions volume up 9%, digital wallets volume up 13% (4% organic). Digital wallet EBITDA up 8% to $93.4 million, gross margin 71%.
- **Leverage**: Net debt $2.5 billion, net leverage 5.2x (impacted by stronger euro and divestiture). Aiming to delever to below 4x by 2027.

**【Q&A Highlights】**
- **SMB Growth Drivers**: Accelerating Clover product sales, value-added services (lending, payroll) to reduce attrition. Requires time to compound mid-growth.
- **E-commerce Deceleration**: Noncore verticals (travel, high-risk MCC codes) saw client shutdowns, offsetting 50%+ iGaming growth.
- **Wallet Delays**: Regulatory and banking ecosystem inertia slowed new product launches, but demand remains strong.
- **2026 Outlook**: Mid-single digit revenue growth, high single-digit EBITDA growth, with focus on optimizing business mix.

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