Adyen raises revenue forecast on acquisition boost, shares soar

By Gianluca Lo Nostro ‌and Leo Marchandon

Aug ​13 (Reuters) - ​Adyen raised its revenue growth forecast on Thursday, sending the shares 11% higher and offering investors some relief after a year ‌during which the Dutch payments processor lost more than a ⁠third of its market value.

Adyen now expects its net revenue to grow between 21% and ‌23% in 2026, having ‌previously guided for 20% to 22% growth.

The hike was driven by the recent acquisitions of Talon.One and Orb, Adyen's first deals in 20 years ​of its history, co-CEO Pieter van der Does told Reuters. Despite this, he said there were no plans to buy another payments company, ⁠as Adyen's focus remains on building and partnering with adjacent services.

"I think it's better for merchants ​to move to Adyen than the merchants that are on such a payment service to be acquired and being forced ​to move to Adyen," van der Does ‌added.

Adyen, which handles payments for customers including Spotify and Microsoft, has continued to expand, competing with PayPal and Stripe ⁠in North America, after the pandemic-driven shift towards online shopping accelerated the adoption of digital payments.

The company's success is rooted in its integrated technology platform and a ⁠pricing model that can lower merchants' payment costs as transaction volumes rise.

Adyen's shares had come ​under pressure after it reported weaker processed volumes in February and issued a cautious outlook for the year, adding to investor unease.

On Thursday morning, the stock was the ‌best performer on Europe's benchmark STOXX 600 index.

Half-year adjusted core earnings reached €641.5 million ($739.3 million), below a Visible Alpha consensus ‌of €647.2 million, reflecting higher costs from the recent acquisitions.

Net revenue in the six ⁠months to June grew 21% ‌on a constant currency ​basis to €1.30 billion, slightly above market expectations.

($1 = 0.8678 euros)

(Reporting by Gianluca Lo Nostro and Leo Marchandon; editing by Matt Scuffham and ‌Milla Nissi-Prussak)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Is the global equity rally broadening? UBS weighs in
• loanDepot receives NYSE non-compliance notice over stock price
• OBOOK Holdings posts $18.8M net loss as OwlPay Harbor volume rises