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Adyen CFO: We've wrapped up on hiring investment
  + stars: | 2024-02-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdyen CFO: We've wrapped up on hiring investmentAdyen Chief Financial Officer Ethan Tandowsky discusses the financial technology giant's full-year 2023 earnings.
Persons: We've, Ethan Tandowsky
Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesSpirits were high when Dutch payments firm Adyen floated on the Amsterdam Stock Exchange in 2018. The company was riding a wave of growth in Europe's technology sector and snapping up competition from its mega U.S. rival PayPal. Since then, the company has weathered a turbulent ride, including a global pandemic that knocked volumes from travel clients significantly. Company shares plummeted 39% on Thursday, erasing 18 billion euros ($39 billion) from Adyen's market capitalization, as investors dumped the stock after the firm reported its slowest revenue growth on record. Adyen has typically been viewed as a growth stock, after consistently reporting revenue growth of 26% each half-year period since its 2018 stock market debut.
Persons: Pavlo Gonchar, Adyen, Pieter van der, Arnout Schuijff, Ethan Tandowsky, CNBC's, Tandowsky, EBITDA, Simon Taylor, Taylor Organizations: Amsterdam Stock Exchange, PayPal, Company, CNBC, Netflix, Meta, Spotify, Enterprise, Financial Locations: North America
We see a 'really big' opportunity in payments, says Adyen CFO
  + stars: | 2023-08-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe see a 'really big' opportunity in payments, says Adyen CFOEthan Tandowsky, CFO of Adyen, discusses how the economic climate is affecting U.S. customers.
Persons: Ethan Tandowsky Organizations: Adyen
Here's how the company performed:Revenue of 739.1 million euros ($804.3 million) over January to June 2023, up 21% from a year ago. This came in below analyst estimates of 853.6 million euros of revenue and 40% of year-on-year growth, according to Eikon data. EBITDA (earnings before interest, tax, depreciation and amortization) of 320 million euros, down 10% from 356.3 million euros in the first half of 2022. The first-half 2023 result matches an analyst prediction of 320 million euros profit. Adyen — and other payment companies — benefited heavily in previous years from the rise in demand for e-commerce and digital payment options resulting from the Covid-19 pandemic and ensuing lockdowns.
Persons: Ethan Tandowsky, CNBC's, Adyen — Organizations: Netflix, Meta, Microsoft, Spotify, PayPal, Investors, CNBC, Apple Locations: Europe, Russia, Ukraine
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