Euronet Q1 2021 Earnings Report
Key Takeaways
Euronet Worldwide reported a 12% increase in revenues to $652.7 million for the first quarter of 2021, driven by strong growth in the epay and Money Transfer segments. However, operating income decreased by 67% to $10.4 million, and the company reported a net loss attributable to Euronet of $8.7 million, or $0.16 diluted loss per share. Adjusted earnings per share decreased by 58% to $0.23.
Revenues increased by 12% to $652.7 million, driven by growth in epay and Money Transfer segments.
Operating income decreased by 67% to $10.4 million due to fewer cross-border transactions in the EFT segment.
Net loss attributable to Euronet was $8.7 million, or $0.16 diluted loss per share.
Adjusted earnings per share decreased by 58% to $0.23.
Euronet
Euronet
Euronet Revenue by Segment
Forward Guidance
The Company anticipates that its second quarter 2021 adjusted EBITDA will be in the range of approximately $75 million to $85 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income