•
Mar 31, 2022

Euronet Q1 2022 Earnings Report

Euronet reported strong double-digit consolidated revenue and adjusted EBITDA growth rates.

Key Takeaways

Euronet Worldwide reported a 10% increase in revenues to $718.5 million and a significant increase in operating income, which rose by 253% to $36.7 million. Net income attributable to Euronet was $8.2 million, resulting in diluted earnings per share of $0.17, compared to a net loss in the same period of the previous year.

Revenues increased by 10% to $718.5 million, a 15% increase on a constant currency basis.

Operating income increased by 253% to $36.7 million, a 288% increase on a constant currency basis.

Adjusted EPS increased by 200% to $0.69.

EFT transactions rebounded nicely with recovery of travel as more COVID restrictions were lifted.

Total Revenue
$719M
Previous year: $653M
+10.1%
EPS
$0.69
Previous year: $0.23
+200.0%
Active ATMs
44.35K
Previous year: 36.78K
+20.6%
epay Transactions
864M
Previous year: 667M
+29.5%
Money Transfer Transactions
33.5M
Previous year: 31.2M
+7.4%
Gross Profit
$260M
Previous year: $218M
+19.3%
Cash and Equivalents
$987M
Previous year: $1.15B
-13.9%
Free Cash Flow
-$18.1M
Previous year: -$19M
-4.9%
Total Assets
$4.9B
Previous year: $4.35B
+12.6%

Euronet

Euronet

Euronet Revenue by Segment

Forward Guidance

The Company anticipates that its second quarter 2022 adjusted EBITDA will be in the range of approximately $150 million to $160 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income