Planet Payment Inc.
03/22/2011

Planet Payment Announces 2010 Annual Results

Total Revenue Increases 37%, Multicurrency Revenue Up 56%,
Gross Profit Up 26%, Adjusted EBITDA Up 286%

Planet Payment Announces 2010 Annual Results

Total Revenue Increases 37%, Multicurrency Revenue Up 56%,
Gross Profit Up 26%, Adjusted EBITDA Up 286%

Planet Payment, Inc. (UK: LSE:AIM: PPT and PPTR; USA: OTCQX: PLPM), a leading international payment and data processor, today announced its results for the year ended December 31, 2010 and quarterly results for the three month period ended December 31, 2010. During both periods, the Company again delivered solid results, showing strong growth:

2010 Financial Highlights


Fourth Quarter 2010 Financial Highlights


2010 Operational Highlights


Current Trading Highlights – First Quarter 2011


Commenting on the results, Philip Beck, Chairman of Planet Payment, Inc., said:
“Our services help acquirers open new sales channels, merchants sell more goods and services and cardholders enjoy informed choice and transparency at the point-of-sale. As a result of our success in increasing customer adoption of our products, we achieved a substantial improvement in our financial results in 2010. 2011 appears to have started with strong growth and we look forward to an exciting year.”



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