Payments giant Adyen reports 21% jump in third-quarter sales

Published On Nov 7, 2024, 1:55 AM

Adyen, a leading payment technology provider, reported a strong 21% increase in net revenue for the third quarter, totaling €498.3 million ($535.5 million). This growth comes after a difficult period for the company, where it faced a substantial decline in stock price due to disappointing sales in the prior quarter. The surge in revenue is attributed to the company increasing its share of customer spending and expanding partnerships, particularly in North America with companies like Block's Cash App and Shopify.