Financial technology platform Adyen (ADYEY), on Thursday, reported FY24 net revenue of EUR 1.996 billion, an increase of 23% year-over-year.
EBITDA for the year was EUR 992.3 million, up 34% year-on-year, with EBITDA margin at 50% for the full year, compared to 46% in 2023.
Processed volume amounted to EUR 1.286 billion, up 33% year-on-year, 27% excluding a single large volume customer.
The company's fourth-quarter net revenue was EUR 1.083 billion, up 22% from last year. Processed volume grew 22% to EUR 666.4 million from the prior year period.
EBITDA for the quarter rose 35% to EUR 569.2 million, with EBITDA margin at 53%.
"We are proud to have delivered a strong year of growth further cementing our position as the trusted partner of choice for global businesses. Once again, expanding our relationships with existing customers was a key driver of our growth, reinforcing the vast opportunity that remains," said Ethan Tandowsky, CFO.
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