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Aug. 18, 2022, 3:47 a.m. EDT

Adyen shares slump as analysts flag rise in operating expenses and disappointing take-up rate

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By Steve Goldstein


Shares of Dutch payments processor Adyen /zigman2/quotes/205351021/delayed NL:ADYEN +4.93% slumped 11% in early trade after missing expectations on EBITDA, even as payments volume soared 60%. Margins deteriorated after a 47% increase in operating expenses, said Paul Charpentier, an analyst at Bryan Garnier. He also flagged a disappointing take-up rate. "Note that the drop in take rate was driven by a combination of the ramp up in the eBay contract, Adyen's tiered pricing strategy paired with growth from existing merchants already on-boarded in previous periods and a bounce in airline volumes," added analysts at Stifel.

NL : Netherlands: Euronext Amsterdam
+61.20 +4.93%
Volume: 100,493
Sept. 30, 2022 5:38p
P/E Ratio
Dividend Yield
Market Cap
€38.42 billion
Rev. per Employee

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