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Sep 30, 2024
Euronet Q3 2024 Earnings Report
Euronet's financial performance improved with revenue growth and increased profitability.
Key Takeaways
Euronet Worldwide reported a strong third quarter in 2024, with a 9% increase in revenues, a 9% increase in operating income, and an 11% increase in adjusted earnings per share. The company's performance was driven by growth in all segments, with Money Transfer, EFT Processing, and epay all delivering solid results.
Revenues increased by 9% to $1,099.3 million.
Operating income rose by 9% to $182.2 million.
Net income attributable to Euronet was $151.5 million, or $3.21 diluted earnings per share.
Adjusted earnings per share increased by 11% to $3.03.
Euronet
Euronet
Euronet Revenue by Segment
Revenue by Segment
EFT Processing Revenue
CapyFin.comepay Revenue
CapyFin.comMoney Transfer Revenue
CapyFin.com Forward Guidance
Euronet anticipates continued double-digit quarterly earnings growth and reaffirms its expectation of 10-15% adjusted EPS growth for 2024 and 2025.
Positive Outlook
- Continued double-digit quarterly earnings growth.
- Confidence in achieving 10-15% adjusted EPS growth for 2024.
- Expectation of 10-15% adjusted EPS growth in 2025.
- Strong consumer demand for digital products.
- Growth in cross-border transactions.
Challenges Ahead
- Potential changes in foreign exchange rates.
- Potential changes in interest rates.
- Unforeseen factors.
- Inflationary pressures in the business.
- Expenses incurred to launch new proprietary product offerings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income