- Adyen’s Ebitda margin was 43% which is less than the 59% from the previous year and below the 48.6% estimate.
- Ebitda was EU320.0 million, down by 10% from the previous year and less than the EU378.5 million estimate.
- Net income remained stable at EU282.2 million compared to EU282.1 million from the previous year, but it fell short of the EU304.1 million estimate.
- Operating income was EU279.1 million, a 16% decrease from the previous year and less than the EU339.5 million estimate.
- Pretax profit was EU373.0 million, a 3.7% increase from the previous year but still less than the EU384.6 million estimate.
- Net revenue was EU739.1 million, a 21% increase from the previous year, but it fell short of the EU776.5 million estimate.
- Revenue from North America was EU187.5 million, an increase of 23% from the previous year, but less than the EU209.9 million estimate.
- Revenue from the APAC region was EU84.3 million, a 31% increase from the previous year, slightly less than the EU85.1 million estimate.
- Revenue from the EMEA region was EU417.3 million, a 20% increase from the previous year, but less than the EU420.2 million estimate.
- Total revenue was EU853.6 million, a steep 78% decrease from the previous year and much less than the EU5.44 billion estimate.
- Processed volumes were EU426.0 billion, a 23% increase from the previous year but still less than the EU463.59 billion estimate.
- Costs incurred from financial institutions were EU74.4 million, a massive 98% decrease from the previous year and significantly less than the EU4.63 billion estimate.
- Free cash flow was EU247.7 million, a 20% decrease from the previous year and less than the EU318.3 million estimate.
- At the end of H1 2023, Adyen’s global team consisted of 3,883 full-time employees, an increase from 3,332 at the end of H2 2022. However, the company plans to temper its hiring pace.
A look at Adyen BV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Adyen BV is a payment solutions provider that offers a platform to merchants and businesses to process payments online, mobile, and point-of-sale systems. According to Smartkarma Smart Scores, Adyen BV has a long-term outlook of 4 out of 5, indicating a strong overall outlook. The scores for Adyen BV are Value 2, Dividend 1, Growth 5, Resilience 5, and Momentum 4.
Adyen BV has solid scores in value, growth, resilience, and momentum, with Growth and Resilience scoring the highest at 5 out of 5. This shows that Adyen BV is likely to continue to perform well in the long-term, as it has a strong foundation in growth and resilience. The company also offers payment methods including card schemes, mobile wallets, and other local methods, giving it a competitive edge over its competitors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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