Adyen: shares still shining as profit soars
(CercleFinance.com) - Dutch payments firm on Wednesday reported a 27% increase in core operating earnings for last year, as surging volumes in online retail offset declining travel volumes.
Adyen's earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 402.5 million euros last year, as net revenue jumped 28% to 684.2 million euros.
The fintech - whose main clients include Facebook, Uber, and Spotify - said processed volume rose 27% to 303.6 billion euros.
Adyen's shares soared last year, amid a surge in online payments due to the pandemic. The stock is up almost 140% over the past 12 months, valuing the business at over 63 billion euros, bigger than some of the region's traditional banks, such as ABN Amro or BNP Paribas.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
Adyen's earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 402.5 million euros last year, as net revenue jumped 28% to 684.2 million euros.
The fintech - whose main clients include Facebook, Uber, and Spotify - said processed volume rose 27% to 303.6 billion euros.
Adyen's shares soared last year, amid a surge in online payments due to the pandemic. The stock is up almost 140% over the past 12 months, valuing the business at over 63 billion euros, bigger than some of the region's traditional banks, such as ABN Amro or BNP Paribas.
Copyright (c) 2021 CercleFinance.com. All rights reserved.