Adyen Wins Back Investor Confidence With Sales Turnaround
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Adyen NV’s shares surged after the payment-processing company’s net revenue beat estimates in the second half on higher consumer spending, a sign that the company is winning back investor confidence.
Adyen staged a comeback after facing a record slowdown in revenue last year, which resulted in a stock meltdown. Since then, the payments giant has sought to regain investor confidence with more transparency, by unveiling new growth targets in November and committing to providing quarterly trading updates.