Adyen Says Its Growth View Is Not Being Understood by the Market

📆 15/06/1402 02:32 ق.ظ
📰 BNNBloomberg

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Payments processor Adyen NV’s growth view isn’t being understood by the market, its co-chief executive said following a selloff in the shares that erased $23 billion of its market value.

The fintech company announced it would host an investor day on Nov. 8 to discuss the investments it’s making and how it plans to maintain growth.

Adyen’s net revenue growth has been impacted by increased price competition in North America. One of the things that has been misunderstood is that in the first half year Adyen continued to add market share in the US, “but it’s indeed at a lower rate than the half years before,” Uytdehaage said.

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