Adyen Net Revenue Rose in 3Q
By Adriano Marchese
Adyen NV said Wednesday that net revenue rose in the third
quarter year-on-year, benefiting from higher processed volume.
The Dutch payments company said processed volume rose 26% to 77
billion euros ($90.98 billion) in the quarter, driving up net
revenue to EUR169.4 million. This is a rise of 25% year-on-year,
the company said.
Earnings before interest, taxes, depreciation and amortization
also rose significantly to EUR101.2 million, or 24%, while Ebitda
margin was 60%.
"We feel it's appropriate to also provide more color around the
evolution of volumes for the third quarter, with some regions now
back-to-business and others still experiencing stricter measures,"
Chief Executive Ingo Uytdehaage said.
Write to Adriano Marchese at firstname.lastname@example.org
(END) Dow Jones Newswires
October 28, 2020 13:34 ET (17:34 GMT)
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