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Sep 30, 2023
Euronet Q3 2023 Earnings Report
Euronet achieved revenue growth and maintained profitability amidst global economic challenges.
Key Takeaways
Euronet Worldwide reported an 8% increase in revenues, reaching $1,004.0 million, marking its first one billion dollar revenue quarter. Net income attributable to Euronet was $104.2 million, or $2.05 diluted earnings per share. The company's Money Transfer segment showed strong growth, while the EFT Processing segment experienced a slight decrease in operating income.
Euronet's Q3 revenue reached $1,004.0 million, an 8% increase year-over-year.
Net income attributable to Euronet was $104.2 million, with diluted EPS at $2.05.
Money Transfer segment experienced strong growth in revenue, operating income, and adjusted EBITDA.
EFT Processing segment saw revenue growth driven by POS acquiring and expansion in Asia.
Revenue by Segment
Forward Guidance
The Company anticipates that its fourth quarter 2023 adjusted EPS will be $1.75. Moreover, the Company anticipates its 2024 adjusted EPS will grow 10-15% year-over-year, consistent with its 10 and 20 year compounded annualized growth rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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