Adyen reports 22% revenue rise

Adyen has revealed a 22 per cent year on year revenue rise to around €413 million in a third quarter trading update

The Dutch e-commerce payments platform also reported a 21 per cent increase in processing volume to around €243 billion and a 25 per cent uptick in unified commerce processed volume for the quarter.

Back in August, lower profits at Adyen wiped billions from its valuation. According to the Financial Times, the company had around €18 billion slashed from its market value after publishing its financial results.

Adyen recorded an EBITDA of €320 million for the first six months of the year, down by 10 per cent compared to the same period of 2022.

The platform’s latest financial update also revealed three financial objectives for the company.

Adyen, which received UK bank authorisation in September, said it was aiming to grow net revenue annually between the “low-twenties and high-twenties per cent” up to and including 2026.

It also aims to improve EBITDA to above 50 per cent in 2026 and maintain a sustainable capital expenditure level of “up to five per cent” of its revenue.

“These updated objectives reflect the growth potential and operating leverage inherent to Adyen’s single platform,” it said.

    Share Story:

Recent Stories

The Very Group
The Very Group transformed range and assortment planning using Board.

Watch the full video

Smarter merchandise planning across the retail value chain
In this webinar, Matt Hopkins, Head of Retail Solutions, Board, Catherine Tooke, SVP Product & Planning, Sweaty Betty, and Subir Gupta, Managing Principal, Thought Provoking Consulting join Retail Systems Editor Jonathan Easton to discuss the findings of the recent Retail Systems report The Merchandise Planning Challenge: How are retailers harnessing technology to optimise planning and retain customers? and examine the innovations that are improving retail planning.