Dutch fintech Adyen, which acts as a payments processor for companies like Spotify, Uber, Facebook, McDonald’s, eBay, and L’Oréal, released its H2 2021 earnings last week. The firm reported a 51% rise in core earnings, exceeding analyst expectations and sending its shares up by more than 11%.
Adyen’s earnings report comes in stark contrast to that of PayPal, which reported mixed results in the fourth quarter and saw its stock drop 24% in its worst-ever trading day on account of weak earnings guidance.
In the second half of 2021, Adyen processed €300 billion for its merchants, up 72% year-on-year. Combined with the first half of the year, the total volume processed in 2021 surpassed the half-a-trillion mark at €516 billion, up 70% compared to €303 billion in 2020.
Net revenue was €556 million for H2 2021 – up 47% YoY, and €1 billion for the full year – up 46% YoY. The share of net revenue from regions outside of EMEA was over 40% for the first time in Adyen’s history. North American net revenues grew by 74% in 2021.
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