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)
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