Adyen Released its H1 2020 Earnings Report
- 21.08.2020 04:25 pm
Global payments platform Adyen recently released its H1 2020 earnings statement.
Key highlights include:
- €129.1 billion in payments processed, an increase of 23% year on year
- €279 million net revenue, an increase 27% year on year
- €140.9 million Earnings before interest, taxes, depreciation and amortization, an increase of 12% year on year.
The company cites diversification across vertical sectors, merchant base and geographies for one of the key reasons for its continued growth through the global pandemic. It also found that online retail and digital goods volumes accelerated while travel and in-store volumes slowed down following lockdown restrictions.
More information can be found in the shareholder letter, found here: https://www.adyen.com/investor-relations/h1-2020#section0.