Adyen publishes H1 2023 financial results

H1 2023 Figures

• Processed volume was €426.0 billion, up 23% year-on-year. Of these volumes, total point-of-sale volumes were €67.0 billion, up 49% year-on-year

• Net revenue was €739.1 million, up 21% year-on-year

• EBITDA was €320.0 million, down 10% year-on-year. This figure was primarily

  impacted by increased wages and salaries stemming from Adyen’s investments

  into scaling its global team for the long term

• Following these investments, EBITDA margin landed at 43%

• Free cash flow conversion ratio was 77%, with CapEx at 7.6% of net revenue

Shareholder letter & interim financial results

You can find our full H1 2023 financial results and accompanying shareholder letter here.

Earnings webcast

Today, at 3 PM CEST, we will host our H1 2023 earnings videoconference. You can access the live session here. A recording will be made available shortly after on the same webpage.

This press release contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft.

Important Regulatory Notice

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This announcement is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction, including the United States, Canada, South Africa, Australia or Japan. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an investment in Adyen securities. Any investment decision in connection with Adyen securities must be made solely on the basis of all publicly available information relating to such Adyen securities.

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