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Sep 30, 2022
Euronet Q3 2022 Earnings Report
Euronet reported year-over-year double digit revenue and operating income growth, supported by strong results from all three segments.
Key Takeaways
Euronet Worldwide reported a strong third quarter with double-digit growth in revenue, operating income, and adjusted EBITDA across all three segments. The company's resilience was evident despite challenging macroeconomic conditions, with growth driven by the recovery of international travel, expansion of digital distribution networks, and continued demand for digital content.
Revenues increased by 14% year-over-year to $931.3 million.
Operating income grew by 47% year-over-year to $168.5 million.
Adjusted earnings per share increased by 55% year-over-year to $2.74.
The company anticipates its fourth quarter 2022 adjusted EBITDA will be in the range of approximately $125 million to $135 million.
Revenue by Segment
Forward Guidance
The Company anticipates that its fourth quarter 2022 adjusted EBITDA will be in the range of approximately $125 million to $135 million and expects to complete the full year 2022 with Adjusted EPS in the anticipated range of $6.30 to $6.40.
Challenges Ahead
- Disruption in the travel industry
- COVID-19 variants
- Inflation
- Related inflation control measures
- Changes in travel patterns stemming from the war in Ukraine
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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