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Adyen

All articles tagged with #adyen

business-finance1 year ago•3 min saved

"Adyen's Shares Soar 22% on Profit Beat and Hiring Slowdown"

Adyen's shares surged 22% after reporting strong sales growth and better-than-expected profit for 2023, despite a miss on first-half sales. The European payments giant also announced a slowdown in hiring to address concerns about aggressive spending on expansion, with a focus on hiring outside of Amsterdam. Adyen faces competition from Stripe, PayPal, and Block, and has been scrutinized for its pricing and margin amid challenges in the payment industry.

via CNBC|

#adyen #business-finance #competition-with-stripe

business2 years ago•0 min saved

Adyen's Revised Targets Boost Investor Confidence, Spark Rally

Adyen's shares surged after the payments giant unveiled new growth targets and a detailed pathway to achieve them, easing investor concerns about the company's trajectory. Executives outlined more realistic net revenue and profitability targets for the next three years during a presentation, which helped regain investor confidence.

via Bloomberg|

#adyen #business #growth-targets

business2 years ago•2 min saved

"Top Stock Movers: Walmart, CVS Health, Adobe, and More"

Cisco Systems' shares rise 4% after beating earnings expectations, while Walmart's stock falls 2% despite surpassing estimates and raising its full-year forecast. Hawaiian Electric tumbles 15% due to concerns over potential liability in Maui's wildfires, and CVS Health slides over 9% as Blue Shield of California ends its pharmacy benefits partnership. Adyen, Europe's rival to Stripe, loses 36% after reporting worse-than-expected sales and profit drop.

via CNBC|

#adyen #business #cisco-systems

business2 years ago•0 min saved

Adyen's Hiring Spree and Competition Cause Profits to Plummet

Shares of payments group Adyen have plunged as the company's hiring spree has impacted its profits. The company, which provides payment processing services to major companies such as Uber and Spotify, has been aggressively expanding its workforce, resulting in increased costs and lower profitability. Adyen's shares fell by over 10% following the announcement, highlighting investor concerns about the company's ability to maintain its growth trajectory while managing expenses.

via Financial Times|

#adyen #business #hiring-spree

business2 years ago•2 min saved

Adyen's Shares Plummet as Revenue Misses and Market Value Drops

Shares of Dutch payments processor Adyen NV plunged more than a quarter after its first-half earnings fell short of analysts' estimates and the company's own medium-term targets. Adyen cited slower revenue growth in North America and higher hiring costs as factors impacting its margins. The sharp decline in Adyen's stock reflects concerns about stretched valuations in the digital payments sector and a potential slowdown in the high-growth business. The company, which serves clients like Netflix, Meta, Microsoft, and Spotify, maintained its medium-term targets for revenue growth above 25% and an improving EBITDA margin.

via Reuters|

#adyen #business #competition