FirstData reports Q1 financial results

EBITDA up 18% on last year

Consolidated revenue for the quarter was up 1% (USD20 million) to USD2.6 billion compared with the same period last year (view press release). Adjusted revenue for the quarter increased 5% (USD78 million) year on year to USD1.6 billion. Net loss attributable to the company was USD 153 million compared with USD 217 million for the same period last year. This was mostly driven by a USD110 million improvement in operating income. Driven by revenue growth in the US and cost reductions across the segments, adjusted EBITDA was up 18% (USD83 million) to USD551 million compared with USD 468 million last year. The company finished the quarter with USD1.5 billion in unrestricted liquidity. 

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