Adyen Net Profit Rises on Accelerated Investment Growth
By Najat Kantouar
Adyen said net profit rose in the second half of 2023, driven its by accelerated investment strategy.
The Dutch payments company said Thursday that for the six months ended Dec. 31 net profit was 416.1 million euros ($448.3 million) compared with EUR282.0 million for the same period a year earlier.
Earnings before interest, taxes, depreciation and amortization for the period rose to EUR423.0 million from EUR372.0 million.
Net revenue for the period rose 23% to EUR887.0 million, reflecting the strength of continued long-term partnerships, Adyen said.
Regionally, net revenue contributions continued to diversify, with EMEA contributing 55%, followed by North America at 27%, it said. North America was the fastest growing region, up 27%.
The company said it processed EUR544.1 billion in payments in the half year, up 29%.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
February 08, 2024 02:15 ET (07:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
After Earnings, Is Coinbase Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
Is ServiceNow Stock a Buy After Earnings and Its Investor Day?
-
3 Stocks to Buy and 3 Stocks to Sell After Earnings
-
Today’s Market Volatility Could Provide Tomorrow’s Opportunities
-
40 of the Best Investment Picks
-
Tech Stock Dividends Are Changing the Face of Dividend Growth Investing
-
Roblox Earnings: Weakening Engagement Has Weighed On Growth
-
The Best Gaming Stocks to Buy
-
Energy Transfer Earnings: M&A Drives Guidance Increase In Solid Quarter
-
The Best Healthcare Stocks to Buy
-
Going Into Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?