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Adyen Shares Slump as Travel Costs Hits First-Half Results

  • Earnings for the first six months of the year miss estimates
  • Shares fall most in almost four years to curb recent rally
Adyen headquarters in Amsterdam, Netherlands. 

Adyen headquarters in Amsterdam, Netherlands. 

Photographer: Jasper Juinen/Bloomberg
Updated on

Adyen NV’s shares fell the most in almost four years after reporting first-half results, as higher costs saw profit margins miss analyst estimates.

The payments firm’s EBITDA margin was 59% in the first half, Adyen said in a statement Thursday. That was 3 percentage points below consensus, impacted by hiring, the return of travel and event costs after the pandemic as well as a previously announced charity commitment.