- Adyen press release ( OTCPK:ADYEY ): 1H GAAP EPS of €9.09.
- Revenue of €608.53M (+36.7% Y/Y).
- Processed volume was €345.8B in the first half of 2022, up 60% Y/Y.
- EBITDA margin was 59% for the period.
- H1 2022 take rate was 17.6 bps. For reference, H2 2021 was 18.6 and H1 2021 was 20.6 bps.
- CapEx was €40M, and 6.6% of net revenue, up from 5% of net revenues in H1 2021.
- Free cash flow was €308.9 million in H1 2022, up 25% Y/Y
- Outlook: Net revenue growth: "We aim to continue to grow net revenue and achieve a CAGR between the mid-twenties and low-thirties in the medium term by executing our sales strategy.
- EBITDA margin: "We aim to improve EBITDA margin, and expect this margin to benefit from our operating leverage going forward and increase to levels above 65% in the long term.
- Capital expenditure: We aim to maintain a sustainable capital expenditure level of up to 5% of our net revenue."
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Adyen GAAP EPS of €9.09, revenue of €608.53M; reaffirms long term outlook