UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31648 EURONET WORLDWIDE, INC. (Exact name of registrant as specified in its charter) | Delaware | 74-2806888 | | --- | --- | | (State or o ...

Financial Data and Key Metrics Changes - The company reported revenue of $857 million, adjusted operating income of $63 million, and adjusted EBITDA of $109 million, marking a record first quarter across all three metrics [66] - Adjusted EPS reached $1.28, a 47% increase from $0.87 in the prior year, with pro forma adjusted EPS of $1.13 representing a 30% growth over the first quarter last year [72][74] - Operating margins expanded due to revenue growth and effective cost management, with a notable increase in adjusted operating income by 220% and adjusted EBITDA by 54% compared to the prior year [83][68] Business Line Data and Key Metrics Changes - The Money Transfer segment saw revenue, operating income, and adjusted EBITDA grow by 7%, 17%, and 10% respectively, driven by nearly double-digit growth in cross-border transactions [79] - The EFT segment experienced a 12% revenue growth, with adjusted operating income growing by 220% and adjusted EBITDA increasing by 54% compared to the previous year [83] - The epay segment achieved constant currency revenue growth of 8%, with a focus on expanding its product mix from mobile-only to branded payment content [68][69] Market Data and Key Metrics Changes - The company signed 22 new correspondent agreements across 19 countries and launched 16 new correspondents in 15 countries, indicating strong market share growth [7] - The direct-to-consumer digital channel expanded by 23%, now representing 11% of overall business [8] - The company anticipates a $15 trillion total addressable market (TAM) with the Dandelion network, significantly larger than the remittance market [9] Company Strategy and Development Direction - The company plans to continue strategic acquisitions, such as Infinitum, to enhance its go-to-market strategy and expand into new markets like the Philippines, Morocco, and Mexico [13] - There is a focus on optimizing the ATM estate to improve profit margins and expanding existing businesses, particularly in Merchant Services, which delivered nearly 40% growth in EBITDA [13] - The company aims to leverage its Ren technology platform to support innovative product development and expand its geographic reach [88] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the remainder of the year, expecting earnings growth in the range of 10% to 15% [11] - Positive indicators for international travel and easing inflation were noted, with expectations for a record second quarter revenue from airlines and increased travel spending [91][94] - The company remains cautious yet optimistic about the future, focusing on execution and leveraging diverse opportunities [100] Other Important Information - The company ended the quarter with a relatively small increase in net debt, maintaining a conservative net debt leverage of about 1x EBITDA [76] - The company is actively working on technical integration for new products and partnerships, enhancing its service offerings [4][10] Q&A Session Summary Question: What inflationary pressures are impacting the epay segment? - Management noted that inflation was more concentrated in European markets, where epay has a significant presence, but acknowledged that inflation has affected all regions [18] Question: How can margins be improved in the epay segment? - Management indicated that geographical and product expansion, along with proprietary products, could enhance margins moving forward [15] Question: What is the outlook for the cross-border piece and geographic strengths? - Management highlighted that while intra-U.S. transactions have been weak, international business is growing, and the rate of decline in U.S. transactions is tapering off [20][27] Question: What are the drivers behind the 60% incremental EBITDA margin in EFT? - The margin growth was attributed to better transactions and the rationalization of nonperforming ATMs, leading to improved profitability [49] Question: What is the potential for further margin expansion in the digital segment? - Management confirmed that higher digital transaction volumes lead to better margins, as digital payouts are significantly cheaper than cash payouts [43]

Contact: Euronet Worldwide, Inc. Genese Hill +1-913-327-4200 Euronet Worldwide Reports First Quarter 2024 Financial Results LEAWOOD, KANSAS, USA - April 30, 2024 - Euronet Worldwide, Inc. ("Euronet" or the "Company") (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, reports first quarter 2024 financial results. Euronet reports the following consolidated results for the first quarter 2024 compared with the same period of 2023: See the reconciliation of non-GAAP items in t ...

LEAWOOD, Kan., April 30, 2024 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. ("Euronet" or the "Company") (NASDAQ:EEFT), a leading global financial technology solutions and payments provider, reports first quarter 2024 financial results. Euronet reports the following consolidated results for the first quarter 2024 compared with the same period of 2023: Revenues of $857.0 million, a 9% increase from $787.2 million (9% increase on a constant currency1 basis).Operating income of $64.0 million, a 40% increase from ...

LEAWOOD, Kan., April 22, 2024 (GLOBE NEWSWIRE) -- Euronet (NASDAQ:EEFT), a leading global financial technology solutions and payments provider, and SOFTONE Group, one of the largest cloud-based business software providers in Greece and Southeast Europe, announced today that they are partnering to deliver integrated merchant acquiring solutions in Greece. The partnership involves SOFTONE integrating its leading brands and products (ERP solutions, enterprise mobility applications and retail and restaurant man ...

LEAWOOD, Kan., April 17, 2024 (GLOBE NEWSWIRE) -- Euronet (or the "Company") (NASDAQ:EEFT) announced today it will release first quarter 2024 earnings results prior to the market opening on Wednesday, May 1, 2024. Euronet will hold a conference call the same day at 9:00 a.m. Eastern Time to discuss the results. The conference call and accompanying slide show presentation will be accessible via webcast by following the link posted on http://ir.euronetworldwide.com. Participants wanting to access the conferen ...

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Shares of Euronet Worldwide, Inc. (EEFT) have gained 33.7% in the past six months compared with the industry’s 20.6% growth. The Finance sector and the S&P 500 composite index rose 19.2% and 20.4%, respectively, in the same time frame. With a market capitalization of $5 billion, the average volume of shares traded in the last three months was 0.3 million.Improved cross-border volumes, higher direct-to-consumer digital transactions, a growing ATM network, buyouts and solid cash reserves continue to drive Eur ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...

It has been about a month since the last earnings report for Euronet Worldwide (EEFT) . Shares have added about 11% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Euronet Worldwide due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Euronet Q4 Earnings Beat on Internat ...