Adyen Solid investor day providing comfort on the business model
Adyen's investor update yesterday in San Francisco provided updated targets and, more importantly, provided a lot of colour and comfort regarding the business model. Q3 saw an uptick in revenue growth compared to 1H23, which should create some investor goodwill as well.Although we do expect our margin expectation are on the ambitious end, we stick to our investment case for now.
Adyen NV, formerly Adyen BV, is provider of mobile, online and point-of-sale (POS) payment solutions based in the Netherlands. It operates an online platform enabling merchants to accept payments internationally and from all sales channels, such as online shops, mobile payments from applications and Websites, and POS, such as countertops, mobile terminals, tablets and cash registers, among others. The platform covers the entire payment chain, including technical, contractual, reconciliation and settlement processes. The platform is available in the form of ready-to-use payment pages (HPP), application programming interface (API), and client-side encryption solution (EE). The Company's customers include Mango, KLM, Netflix, Superdry, Uber, Groupon and Crocs, among others. It has offices in the Netherlands, the United Kingdom, France, Germany, Belgium, Brazil, China, Australia, Mexico, Singapore, Spain, Sweden and the United States.
We are a financial services provider for several types of professional clients, each with distinct needs.
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