Latest news with #Tandowsky
Yahoo
30-04-2025
- Business
- Yahoo
Dutch payments firm Adyen misses first-quarter sales forecasts but confirms 2025-2026 outlook
By Alessandro Parodi and Gianluca Lo Nostro (Reuters) -Adyen, one of the world's largest payment companies, reported quarterly revenue below market forecasts on Wednesday, but maintained its sales outlook for this year and next, saying so far global trade tensions have not affected its business. Adyen Chief Financial Officer Ethan Tandowsky told Reuters that while economic volatility might affect some of its clients, it would not change the company's strategy or its outlook, and so far it has not had any significant impact. The Amsterdam-listed company has been relying on its U.S. clients, such as eBay and Cash App to win more market share in the country, where its main competitors include fintech giants PayPal and Fiserv. "We see the opportunity in the U.S. the same as it was before," Tandowsky said. "We're focused on what we can control: deepening relationships with existing customers and onboarding new ones." Adyen's first-quarter net revenue rose 22% to 534.7 million euros ($608.3 million), missing analysts' average estimate of 541 million euros, according to a Visible Alpha consensus provided by the company. Its processed volume, or the value of all transactions on its payment platform, totalled 318.8 billion euros in the quarter, below the 336.1 billion euros forecast. J.P. Morgan analysts attributed the miss to a revenue loss from a partnership with one large client. Still, the group maintained its forecast that 2026 net revenue growth will be in the low- to high-twenties percentage range, and core earnings (EBITDA) margin will top 50%. Adyen also confirmed its earlier 2025 forecast of higher revenue growth, albeit with a caveat that global trade tensions might yet affect economic activity and its clients. "If market volume growth slows, achieving the anticipated acceleration may prove more challenging," Tandowsky said in a statement.($1 = 0.8790 euros) Sign in to access your portfolio
Reuters
30-04-2025
- Business
- Reuters
Dutch payments firm Adyen's first-quarter sales miss forecasts amid trade uncertainty
April 30 (Reuters) - Adyen ( opens new tab, one of the world's largest payment companies, reported quarterly revenue below market expectations on Wednesday, showing the Dutch company was not immune to the impact of global trade tensions on economic activity and its clients. Its shares fell as much as 5.7% in early trade. Despite its global reach and track record navigating a challenging market environment, Adyen remains exposed to the risk of a global recession, analysts say. The Amsterdam-listed company has been relying on its U.S. clients, such as eBay (EBAY.O), opens new tab and Cash App to win more market share in the country, where its main competitors include fintech giants PayPal (PYPL.O), opens new tab and Fiserv (FI.N), opens new tab. "We see the opportunity in the U.S. the same as it was before," Adyen Chief Financial Officer Ethan Tandowsky told Reuters. He said that economic volatility might affect some of its clients, but this would not change Adyen's strategy or its outlook. "We're focused on what we can control: deepening relationships with existing customers and onboarding new ones." Adyen's first-quarter net revenue rose 22% to 534.7 million euros ($608.3 million), missing analysts' average estimate of 541 million euros, according to a Visible Alpha consensus provided by the company. Its processed volume, or the value of all transactions on its payment platform, totalled 318.8 billion euros in the quarter, below 336.1 billion euros expected by analysts. Still, the group maintained its forecast that 2026 net revenue growth will be in the low- to high-twenties percentage range, and core earnings (EBITDA) margin will top 50%. Adyen also confirmed its earlier 2025 forecast of higher revenue growth, albeit with a caveat. "If market volume growth slows, achieving the anticipated acceleration may prove more challenging," Tandowsky said in a statement. ($1 = 0.8790 euros)
