Adyen's First Earnings After Record IPO Excite Investors
- Rise of online commerce boosting fintech firms worldwide
- Dutch firm a fintech favorite as shares have soared since IPO
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Fintech darling Adyen NV published its first earnings report on Wednesday, following the soaring value of the Dutch firm’s shares since its blockbuster public offering in June.
The company, which processes payments for Uber Technologies Inc., Netflix Inc., and Spotify Technology SA, reported a 67 percent rise in net revenue for the six months ended June 30, to 156.4 million euros ($181 million). Adyen also said it processed 70 billion euros in payments for the period, an increase of 43 percent on the year before.