One of Europe's few growth stocks falters on disappointing outlook
By Steve Goldstein
Starbucks last year picked Adyen for in-store payments in the U.K., Austria and Switzerland.
Shares of Adyen, one of Europe's few high-growth tech stocks, slumped on Wednesday after outlining revenue growth that disappointed investors and forecasting steady margins.
Adyen shares (NL:ADYEN) fell as much as 20% as the company said it expects its operating margin to be "broadly in line" with the 53% it achieved in 2025 on revenue growth between 20% and 22%, at constant currencies.
As with many tech stocks of late, the miss wasn't big but the shareholder reaction was. According to a sales note from Citi, institutional investors were looking for a 21% to 22% sales growth range and some progress toward its 2028 target of margins above 55%.
The Amsterdam-listed payments provider to Uber and Starbucks said its second-half earnings before interest, taxation, depreciation and amortization was EUR702.1 million, slightly ahead of analyst expectations, on 21% revenue growth at constant currencies.
It said it processed 837 million transactions on the Black Friday through Cyber Monday weekend. During that time span, the in-store basket was on average 28% higher than online.
-Steve Goldstein
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(END) Dow Jones Newswires
02-12-26 0350ET
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