Adyen Q1 Net Revenue Up 20% On Constant Currency Basis

Adyen reported first-quarter net revenue of 620.8 million euros, up 16% year over year, or 20% at constant currency, with processed volume rising 21% to 382.0 billion euros. Digital net revenue increased to 349.6 million euros, up 9% year over year, or 13% on a constant-currency basis. The update points to solid underlying transaction growth for the payments company.

Analysis

Adyen reported first-quarter net revenue of 620.8 million euros, up 16% year over year, or 20% at constant currency, with processed volume rising 21% to 382.0 billion euros. Digital net revenue increased to 349.6 million euros, up 9% year over year, or 13% on a constant-currency basis. The update points to solid underlying transaction growth for the payments company.