Close Menu
  • Home
  • Finance News
  • Personal Finance
  • Investing
  • Cards
    • Credit Cards
    • Debit
  • Insurance
  • Loans
  • Mortgage
  • More
    • Save Money
    • Banking
    • Taxes
    • Crime
What's Hot

Regulators toss out rules requiring banks to prepare for climate change

October 16, 2025

M&T says it’s turning the corner on commercial real estate

October 16, 2025

Cybersecurity Best Practices During the Mortgage Process

October 16, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Smart SpendingSmart Spending
Subscribe
  • Home
  • Finance News
  • Personal Finance
  • Investing
  • Cards
    • Credit Cards
    • Debit
  • Insurance
  • Loans
  • Mortgage
  • More
    • Save Money
    • Banking
    • Taxes
    • Crime
Smart SpendingSmart Spending
Home»Finance News»Payments giant Adyen reports 21% jump in third-quarter sales
Finance News

Payments giant Adyen reports 21% jump in third-quarter sales

November 7, 2024No Comments2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Payments giant Adyen reports 21% jump in third-quarter sales
Share
Facebook Twitter LinkedIn Pinterest Email

Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company’s market capitalization .

Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images

Adyen reported a jump in sales in the third quarter as the Dutch payments firm gained wallet share and added new customers, diversifying its merchant mix.

The company, whose technology allows businesses to accept payments online and in-store, reported third-quarter net revenue of 498.3 million euros ($535.5 million), up 21% year-on-year on a constant currency basis.

Payments firms saw a boost from an increase in online shopping during the height of the Covid-19 pandemic.

But in recent years, companies such as Adyen have faced pressure from lower consumer spending.

Adyen, however, has benefited from significant growth from partnerships with its North American clients, such as Block’s Cash App in the U.S. and Shopify in Canada.

In August, Adyen posted a 32% increase in core profit in the first six months of the year as it signalled an expansion of market share in Europe, the Middle East and Africa and North America.

Last year, the Dutch payments giant’s shares tanked nearly 40% in a single day on the back of worse-than-expected sales and declining profits in the first half of 2023

.

This is a breaking news story. Please refresh for updates.

Source link

See also  Student loan payments could lead to a tax break
Adyen giant jump payments reports sales thirdquarter
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleControversial bid for Territorial in Hawaii wins shareholder backing
Next Article Serious Fraud Office receives extra funding to combat financial crime

Related Posts

Regulators toss out rules requiring banks to prepare for climate change

October 16, 2025

Government shutdown delays student loan forgiveness lawsuit

October 16, 2025

Alibaba says AI spending for e-commerce Taobao Tmall is breaking even

October 16, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

CFPB seeks input on protections for digital payments, crypto

January 11, 2025

DJT, CEG, NVDA, BRK.B and more

November 4, 2024

Find Options For Debt Relief Programs For Veterans

October 11, 2024
Ads Banner

Subscribe to Updates

Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!

Stay informed with our finance blog! Get expert insights, money management tips, investment strategies, and the latest financial news to help you make smart financial decisions.

We're social. Connect with us:

Facebook X (Twitter) Instagram YouTube
Top Insights

Regulators toss out rules requiring banks to prepare for climate change

October 16, 2025

M&T says it’s turning the corner on commercial real estate

October 16, 2025

Cybersecurity Best Practices During the Mortgage Process

October 16, 2025
Get Informed

Subscribe to Updates

Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!

© 2025 Smartspending.ai - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.