Stock down 39% after record low sales growth


The Adyen logo displayed on a smartphone.

Rafael Henrique | SOPA Images | LightRocket via Getty Images

Shares of Adyen, the European payments giant taking on U.S. titan Stripe, fell nearly 39% on Thursday after the company reported worse-than-expected sales and a profit drop in the first half of the year.

Here’s how the company performed:

  • Revenue of 739.1 million euros ($804.3 million) over January to June 2023, up 21% from a year ago. This came in below analyst estimates of 853.6 million euros of revenue and 40% of year-on-year growth, according to Eikon data.
  • EBITDA (earnings before interest, tax, depreciation and amortization) of 320 million euros, down 10% from 356.3 million euros in the…

Source cnbc.com

0 0 votes
Article Rating

China property developer Evergrande files for bankruptcy protection in US

Previous article

Private sector added 324,000 jobs in July, well above expectations, ADP says

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings