Earnings News

Adyen Says Q1 Revenue Rises; Processed Volumes Grow

Adyen NV (ADYEY, ADYEYF), a Dutch financial technology platform, on Thursday said its revenue for the first-quarter rose on the back of a continued momentum in North America, which remained its fastest growing region, and higher volumes processed.

For the first-quarter, Adyen's processed volume was 297.8 billion euros, up 46 percent from last year.

The platform continued to benefit from processed volume growth with digital customer expansion in the second-half of 2023.

Looking ahead, for the full year, the company still expects its revenue to continue to grow annually between the low-twenties and high-twenties percent, up to and including 2026.

The company still intends to maintain a capital expenditure level of up to 5 percent of its revenue.

by RTTNews Staff Writer

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