Adyen (AMS: ADYEN) today provided a business update for the quarter ending September 30, 2024. “As we continue to build Adyen for the long-term, the third quarter of 2024 marked a period of strong growth and continued innovation,” said Ethan Tandowsky, CFO. “Our net revenue growth of 21% at constant currency was driven by our ability to consistently execute on our land-and-expand strategy with our existing customers, in line with the building blocks that we outlined in 2023.” “As we look towards the end of the year and into 2025, we remain confident in the vast opportunity ahead and in our ability to continue executing on our long-term vision.”
Highlights for the third quarter of 2024
Net revenue was €498.3 million in Q3 2024, up 20% year-over-year (“YOY”).
On a constant currency basis, net revenue growth was 21% YOY.
Processed volume landed at €320.6 billion, up 32% YOY.
Platforms remained our fastest-growing pillar overall as we continued to scale our customer base.
Unified Commerce demonstrated strong growth as we further diversified our vertical offering.
Digital continued to show consistent underlying growth trends.
This press release only partially covers information and results from Q3 2024. Our full Q3 2024 financial results including additional context on how our pillar growth and the Adyen team have developed over the period, can be found here. Today, at 3 PM CET, Adyen will host a Business Update call with our CFO, Ethan Tandowsky. You can access the live stream here. An audio recording will be made available shortly after on the same webpage.
About Adyen
Adyen (ADYEN: AMS) is the financial technology platform of choice for leading companies. By providing end-to-end payment capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft.