Earnings Alerts

Adyen BV (ADYEN) Earnings Exceed Expectations: 2H Net Revenue Surges by 23%

By February 8, 2024 No Comments
  • Adyen’s net revenue for the second half was EU887 million, which is a 23% increase year over year.
  • The net revenue for North America was EU242.0 million, a 27% increase from the previous year.
  • Net revenue in the APAC region was EU98.0 million, a 25% increase year over year.
  • The EMEA region reported net revenue of EU491.0 million, marking a 23% increase year over year.
  • Total revenue for Adyen was EU1.01 billion, although this was an 80% decrease from the previous year.
  • Processing fees accounted for EU251.2 million, a 21% increase from the previous year.
  • Settlement fees dropped significantly by 87% to EU596.2 million.
  • The Ebitda margin was 48%, higher than the estimated 44.1%.
  • Ebitda was EU423 million, a 14% increase year over year.
  • Processed volumes reached EU544.1 billion, a 29% increase year over year.
  • Net income was EU416.1 million, a 48% increase from the previous year.
  • Operating income was EU378.5 million, up 13% from the previous year.
  • Pretax profit was EU569.6 million, a 58% increase year over year.
  • Costs incurred from financial institutions were significantly lower at EU73.4 million, a 98% decrease year over year.
  • Cost of goods sold was EU49.5 million, a 72% increase from the previous year.
  • Diluted headline earnings per share were EU13.36, up from EU9.08 the previous year.
  • Free cash flow was EU391.8 million, a 31% increase year over year.
  • Adyen’s standing financial objectives remain unchanged.
  • There were 18 buys, 17 holds, and 2 sells on Adyen’s stock.

A look at Adyen BV Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience5
Momentum2
OVERALL SMART SCORE2.8

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, the payment solutions provider, has recently been given a Smartkarma Smart Score of 2 out of 5 for value, 1 out of 5 for dividend, 4 out of 5 for growth, 5 out of 5 for resilience, and 2 out of 5 for momentum. This score is a reflection of the company’s overall outlook, with higher scores indicating a better performance in that particular factor.

Based on this score, Adyen BV is expected to have a strong long-term outlook, with a focus on growth and resilience. The company’s platform enables businesses to process payments through various methods, including card schemes, mobile wallets, and local methods. With a global customer base, Adyen BV is well-positioned to continue its growth and maintain its position as a leading payment solutions provider. Investors can expect a steady performance from Adyen BV, making it a promising choice for long-term investments.


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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