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Motley Fool
Why Paysafe Stock Dropped Today
As of 2:50 p.m. EDT, Paysafe’s stock price was down more than 15%. Paysafe’s revenue rose 13% year over year to $384.3 million, fueled by a 41% surge in total payment volume, to $32.3 billion. “We are pleased with the continued momentum Paysafe exhibited over the second quarter with impressive growth and several key wins across iGaming and other attractive digital commerce verticals, including crypto,” CEO Philip McHugh said in a press release.
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