Adyen stock drops ~40% after earnings miss
Dutch payments processor Adyen NV's shares fell by a third on Thursday, wiping more than 13 billion euros off its market value, after first-half earnings missed estimates, as sales growth slowed and hiring costs hit margins. Analysts said the company's performance raised concerns about stretched valuations in the digital payments sector and added to worries about a general slowdown in what has been viewed as a high-growth business. Adyen, which provides services to the likes of Netflix, Meta, Microsoft and Spotify, said revenue growth was slower in North America and that its margins were impacted by hiring costs. https://www.reuters.com/business/finance/payments-company-adyens-shares-drop-more-than-20-after-earnings-miss-2023-08-17/ #finance #fintech #payments #earnings #adyen #stripe #braintree #paypal
Reuters
No wonder they ghosted me
What do you mean ? I had a similar experience on Friday and was wondering this news could be the reason
I did an initial phone call. Never heard back from them even after reaching out. I was told I should hear from them a few days ago and I reached out after the date they gave me.