Adyen Reports Robust Q3 Growth with 20% Revenue Increase, Driven by Expanding Customer Partnerships

Adyen Reports Robust Q3 Growth with 20% Revenue Increase, Driven by Expanding Customer Partnerships

(IN BRIEF) Adyen reported a strong third quarter with net revenue growth of 20% year-over-year, driven by expanding customer relationships. The company processed €320.6 billion in volume, a 32% increase, with notable growth in its platform and Unified Commerce segments.

(PRESS RELEASE) AMSTERDAM, 7-Nov-2024 — /EuropaWire/ — Adyen (AMS: ADYEN), the global payments platform, has announced solid growth for the third quarter ending September 30, 2024, driven by expanded partnerships with existing customers. The company’s net revenue increased 20% year-over-year to €498.3 million, with constant currency growth reaching 21%. Processed volume for the quarter totaled €320.6 billion, marking a 32% increase compared to the previous year.

CFO Ethan Tandowsky highlighted Adyen’s sustained progress, emphasizing the company’s dedication to building for the long term: “Our Q3 growth reflects our commitment to expanding through existing customer relationships, consistent with our strategic foundation established in 2023.” Adyen’s platform and Unified Commerce segments contributed significantly to its growth, with platforms remaining the fastest-growing area and digital services continuing steady growth trends.

For additional details, the full Q3 2024 financial results are available on Adyen’s website. Adyen will hold a Business Update call today at 3 PM CET, led by CFO Ethan Tandowsky. A recording will be accessible after the session.

About Adyen
Adyen (ADYEN:AMS) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft.

The information in this press release and the Q3 Business Update is unaudited.

Important Legal Information
This press release contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) to (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation).

Any person who comes into possession of this document must inform themselves about and comply with any legal restrictions governing possession, distribution, or use of the document.

Forward-looking statements are not facts and only represent the current views and assumptions of Adyen N.V. (“Adyen”) regarding future events, many of which are by nature inherently uncertain and beyond Adyen’s control. Factors that could cause actual results to deviate materially from those anticipated by forward-looking statements include, but are not limited to, macroeconomic, demographic and political conditions and risks, actions taken and policies applied by governments, financial regulators and private organizations (including payment schemes and credit rating agencies), market conditions and turbulence in financial and other markets, and the success of Adyen in managing the related risks. Subject to statutory obligations, Adyen does not intend to publicly update or revise forward-looking statements to reflect events or circumstances after the date the statements were made, and assumes no obligation to do so.

Adyen does not consent to, authorize, endorse, support, encourage, or participate in, directly or indirectly, unsponsored depository receipt (“DR”) programs regarding Adyen securities. Adyen specifically disclaims any liability whatsoever arising out of or in connection with any unsponsored DR program.

Media Contact:

press@adyen.com

SOURCE: Adyen NV