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Adyen charges ahead in its first earnings as a public company, with H1 revenues up 67% to $298M

The post Adyen charges ahead in its first earnings as a public company, with H1 revenues up 67% to $298M appeared first on BardTech . After Adyen’s  huge debut on the public markets in June that saw the stock go up 92 percent on its first day of trading, the company today published its first earnings as a publicly listed business. The figures underscore to how Adyen — which provides services to merchants and others to power both online and offline transactions — continues to charge ahead in its growth. In the first half of the year, Adyen made revenues of €256.4 million ($298 million), up 67.3 percent compared to a year ago, with net income of €48.2 million, up 74.6 percent. For some context, in the year that ended December 31, 2017, Adyen generated net revenues of €218 million, up 38 percent compared to 2016. In other words, in the first half of this year, Adyen has already made more than it did in all of the year before. The stock is currently trading at €574 per share, ve...