Paysafe Group, the owner of Neteller, Paysafecard and Skrill, has released its full year results for 2016, which show the company’s revenue exceeding $1 billion for the first time in its history.
The payments specialist reported revenue of slightly more than $1 billion, up 63 percent from the same period in 2015 that saw Paysafe generate revenue of $613.4 million. Also on the rise was Paysafe Group’s Adjusted EDITDA, which is often used to show how financially healthy a company is. This increased 30.1 percent to $300.8 million for the full year ending December 31, 2016.