Euronet Worldwide(EEFT) - 2025 Q1 - Quarterly Results

Financial Performance - Revenues for Q1 2025 were $915.5 million, a 7% increase from $857.0 million, with a 9% increase on a constant currency basis[7]. - Operating income reached $75.2 million, an 18% increase from $64.0 million, translating to a 22% increase on a constant currency basis[7]. - Adjusted EBITDA was $118.7 million, a 9% increase from $108.8 million, with a 12% increase on a constant currency basis[7]. - Total revenues for Q1 2025 increased to $915.5 million, up 6.5% from $857.0 million in Q1 2024[31]. - Operating income rose to $75.2 million in Q1 2025, compared to $64.0 million in Q1 2024, reflecting a 17.6% increase[31]. - Net income attributable to Euronet Worldwide, Inc. was $38.4 million for Q1 2025, a significant increase of 46.5% from $26.2 million in Q1 2024[31]. - The company reported total operating expenses of $840.3 million for Q1 2025, an increase of 6.0% from $793.0 million in Q1 2024[31]. - Interest expense increased to $19.4 million in Q1 2025 from $14.9 million in Q1 2024, reflecting a rise of 30.1%[31]. Segment Performance - The EFT Processing Segment reported revenues of $232.5 million, a 7% increase from $217.2 million, with a 10% increase on a constant currency basis[10]. - Total transactions in the EFT Processing Segment increased by 38% to 3,463 million[10]. - The Money Transfer Segment achieved a 31% growth in direct-to-consumer digital transactions, driven by strong consumer demand[12]. Cash and Assets - Unrestricted cash and cash equivalents were $1,393.6 million as of March 31, 2025, up from $1,278.8 million at the end of 2024[16]. - Total current assets increased to $4,173.7 million as of March 31, 2025, compared to $4,036.5 million as of December 31, 2024[29]. - Total liabilities rose to $4,751.8 million as of March 31, 2025, compared to $4,605.3 million as of December 31, 2024[29]. - Cash and cash equivalents increased to $1,393.6 million as of March 31, 2025, up from $1,278.8 million as of December 31, 2024[29]. - Total assets reached $6,053.5 million as of March 31, 2025, compared to $5,834.5 million as of December 31, 2024[29]. Shareholder Returns and Guidance - The company repurchased 0.6 million shares for $59.6 million during Q1 2025, expected to improve future earnings per share by 1%[17]. - Euronet expects to achieve 12% to 16% earnings growth for the year, reaffirming its strategic focus on global payment networks[5]. - Adjusted EPS was $1.33, an 18% increase from $1.13 in Q1 2024, excluding a one-time operating tax charge[4][7]. - Adjusted earnings per share for Q1 2025 were $1.13, down from $1.28 in Q1 2024, reflecting a decrease of 11.7%[35].