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