Euronet Worldwide Reports Year-over-Year Double Digit Revenue Growth for Third Quarter 2022

LEAWOOD, Kan., Oct. 20, 2022 (GLOBE NEWSWIRE) — Euronet Worldwide, Inc. (“Euronet” or the “Company”) (NASDAQ: EEFT), a leading electronic payments provider, reports third quarter 2022 financial results.

Financial Results Overview

Euronet reports the following consolidated results for the third quarter 2022 compared with the same period of 2021:

Revenues of $931.3 million, a 14% increase from $816.6 million (27% increase on a constant currency basis).

Net income of $104.5 million, or $2.08 diluted earnings per share, compared with $69.8 million, or $1.38 diluted earnings per share in 2021.

Operating income of $140.4 million, a 27% increase from $110.6 million in the third quarter of 2021.

Adjusted EBITDA of $196.6 million, a 23% increase from $160.2 million in 2021.

“We are pleased with our strong financial performance in the third quarter, with double-digit revenue growth and robust profitability across our segments,” said Michael J. Brown, Chairman and Chief Executive Officer of Euronet Worldwide. “Our diverse portfolio of electronic payment solutions continues to resonate with consumers and businesses worldwide, driving our success in an evolving digital payments landscape.”

As Euronet continues to innovate and expand its offerings, the Company remains well-positioned for sustained growth and success in the electronic payments industry.

Impact on Individuals

For individuals, Euronet’s growth and success translate to increased convenience and efficiency in electronic payments. As Euronet expands its services and reaches more markets globally, consumers can expect more secure, reliable, and diverse electronic payment options to meet their needs.

Impact on the World

Euronet’s strong financial performance reflects the growing trend towards digital payments on a global scale. As Euronet expands its presence and capabilities, it contributes to the advancement of a more connected and financially inclusive world, where electronic payments play a pivotal role in driving economic growth and efficiency.

Conclusion

Overall, Euronet Worldwide’s third quarter 2022 financial results showcase the Company’s continued growth and success in the electronic payments industry. With double-digit revenue growth and robust profitability, Euronet remains a leading provider of electronic payment solutions, poised for further innovation and expansion in the evolving digital payments landscape.