/payments

News and resources on payments systems, innovations and initiatives worldwide.

Adyen share tumble on H1 results

Shares in Adyen fell by more than 10% in morning trading as strong first half revenue growth was offset by squeezed profit margins. Separately, the Dutch payments processor has unveiled its own range of in-house designed terminals.

  0 1 comment

Adyen share tumble on H1 results

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

For the first half, Adyen reported net revenue of €608.5 million, a 37% year-on-year rise, and Ebitda of €356.3 million, up 31%.

However, Ebitda margin was lower than analyst estimates at 59%, in part due to a post-pandemic jump in travel and event costs.

Shares plunged by more than 14% in morning trading before settling at about 11% down by mid-afternoon.

The company is now investing "heavily" in unified commerce, unveiling its first in-house payment terminals.

Derk Busser, VP, product, in-person payments, Adyen, says: "By taking ownership of the terminal design, Adyen is assuring we put customer needs at the heart of their functionality.

"Our goal is to continuously reduce friction within the consumer journey. By designing highly mobile devices, we're empowering businesses to collect payments not only when behind a checkout counter - but anywhere."

Sponsored [New Impact Study] Are you ready for CBPR+? Accelerating modernisation and efficiency through ISO 20022

Related Company

Keywords

Comments: (1)

A Finextra member 

Going into the hardware business is a bold move - and is not risk free.....  Terminals can be expensive to buy, deploy, service and recover....  battery life can be problematic, open architecture can be dangerous,  locked down firmware stops merchants integrating their own apps.....  There are LOTS of reasons that going into the hardware business is NOT a good thing for acquirers.... I have seen a proprietary terminal strategy suffer many if not all of the above issues..... which took 18months to 2 years to fix....   Good luck Adyen... I hope future results are not impacted too negatively by your terminal roll out....

[New Impact Study] Cross-Border Payments: How is the market addressing G20 targets?Finextra Promoted[New Impact Study] Cross-Border Payments: How is the market addressing G20 targets?