Adyen's net revenue increased 23% to €887M in H2 2023 due to consumer spending, exceeding analyst estimates and raising shares by 15%.

Adyen's net revenue rose by 23% to €887 million ($956 million) in the second half of fiscal 2023 due to increased consumer spending. This exceeded analyst estimates, contributing to a 15% rise in Adyen's shares and marking a rebound from the revenue slowdown experienced in the first half of 2023. The Amsterdam-based company has sought to regain investor confidence with transparent growth targets after the market value of its shares was significantly impacted by the revenue slowdown.

February 08, 2024
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