What we think about Adyen (ADYEN)
Adyen in Three Words: Global Payments Innovator
Discuss Adyen in our Community Forum
Background
Adyen is a payment company that provides merchants with a single platform to accept e-commerce, mobile, and point-of-sale payments in multiple countries using nearly 300 different payment schemes and methodologies worldwide.
The company’s platform is ideal for large multinational enterprises, and its customers include some of the world’s most recognizable brands such as McDonalds, Facebook, Microsoft, Uber, Spotify, Netflix, H&M, Ebay, and Airbnb.
As a European company, Adyen is only required to report bi-annually), Adyen delivered half-yearly net revenue of €887 million (+23% YoY) on €544 billion of volumes (+29% YoY) at an EBITDA margin of 48%. CapEx represented 2% of net revenue, down from 8% of net revenue in the prior half-year, with the completion of data center investments that ready the company for the next phase of growth. Longer term, the company aims to improve EBITDA margin to above 50% and to stabilize CapEx at 5% of net revenue.
The company has also largely concluded two years of accelerated investment in scaling its global team, which has reached a maturity that supports its next growth phase. Hiring has now slowed as part of a strategic shift to increase operational leverage, which is expected to become more visible in the next set of financials, due 15th August 2024.
Conviction Rating Changes:
Join 7investing to get access to this section
Recent Company Updates:
Join 7investing to get access to this section