Dow Jones Newswires: Adyen revenue beat consensus on process volume growth

0
17

Adyen NV said Thursday that first-half total revenue beat consensus, as processed volume grew driven by strong customer relationships.

The Dutch payments company ADYEN, -11.83% said it posted a net profit of 282.1 million euros ($287.1 million) in the period, compared with EUR204.8 million a year earlier.

Earnings before interest, taxes, depreciation and amortization were EUR356.3 million, compared with EUR272.7 million. The Ebitda margin was 59%, it said.

Total revenue was EUR3.95 billion, compared with EUR2.55 billion a year earlier, the company said. Revenue had been forecast at EUR3.77 billion, according to a consensus of five estimates provided by FactSet.

Adyen said it processed payments valued at EUR345.8 billion, up 60% on year.

Write to Kyle Morris at kyle.morris@dowjones.com

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleMike Pence says he would consider testifying before Jan. 6 select committee
Next articleAdyen shares slump as analysts flag rise in operating expenses and disappointing take-up rate

LEAVE A REPLY

Please enter your comment!
Please enter your name here