Earnings

Adyen stock surges on strong H2 2021 earnings

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Pieter van der Does, chief executive officer of Adyen.

Simon Dawson | Bloomberg | Getty Images

Dutch payments processor Adyen reported a 51% jump in core earnings in the first half of 2021, topping expectations and sending its stock price sharply higher.

The company said Wednesday that net revenue in the period came in at 556.5 million euros ($635.9 million), up 47% year-on-year. Earnings before interest, tax, depreciation and amortization (EBITDA) rose 51%, to 357.3 million euros.

That was higher than the 552 million euros of net revenue and 346 million euros of EBITDA expected by analysts, according to Reuters.

Adyen’s profit margin climbed to 64% in the second half, up from 61% in the…



Source cnbc.com

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