Euronet Worldwide(US:EEFT)2025-07-31 10:08Financial Performance - Revenues for Q2 2025 were $1,074.3 million, a 9% increase from $986.2 million, with a 6% increase on a constant currency basis[7] - Operating income grew to $158.6 million, an 18% increase from $134.3 million, reflecting a 13% increase on a constant currency basis[7] - Adjusted EBITDA reached $206.2 million, a 16% increase from $178.2 million, with an 11% increase on a constant currency basis[7] - Net income attributable to Euronet was $97.6 million, or $2.27 diluted earnings per share, compared to $83.1 million, or $1.73 diluted earnings per share[7] - Euronet's total revenues for Q2 2025 reached $1,074.3 million, a 8.9% increase from $986.2 million in Q2 2024[36] - Operating income for Q2 2025 was $158.6 million, compared to $134.3 million in Q2 2024, reflecting a growth of 18.0%[36] - Net income attributable to Euronet Worldwide, Inc. for Q2 2025 was $97.6 million, up from $83.1 million in Q2 2024, representing a 17.1% increase[37] - The company reported an Adjusted EBITDA of $206.2 million for Q2 2025, compared to $178.2 million in Q2 2024, reflecting a growth of 15.7%[39] - Euronet's diluted earnings per share for Q2 2025 was $2.27, up from $1.73 in Q2 2024, representing a 31.2% increase[37] - Adjusted earnings for Q2 2025 were $110.7 million, compared to $104.5 million in Q2 2024, reflecting a growth of about 5.9%[41] - Adjusted earnings per share (EPS) diluted for Q2 2025 was $2.56, an increase from $2.25 in Q2 2024, marking a rise of approximately 13.8%[41] Assets and Liabilities - The total assets of Euronet as of June 30, 2025, were $6,554.9 million, an increase from $5,834.5 million as of December 31, 2024[34] - Total current liabilities increased to $3,935.2 million as of June 30, 2025, compared to $3,226.0 million at the end of 2024, marking a 21.9% rise[34] - Euronet's cash and cash equivalents rose to $1,329.3 million as of June 30, 2025, from $1,278.8 million at the end of 2024, indicating a 3.9% increase[34] - Euronet's total equity increased to $1,363.4 million as of June 30, 2025, compared to $1,229.2 million at the end of 2024, showing an increase of 10.9%[34] Operational Developments - The company signed an agreement with a top three bank in the U.S. for the deployment of its Ren ATM operating and switching product[5] - Euronet acquired CoreCard, a leading credit card issuing platform, targeting the $10 billion issuing market with strong growth rates outside the U.S.[4] - The Money Transfer segment saw a 29% growth in direct-to-consumer digital transactions, driven by increased consumer demand for digital products[11] - Total installed ATMs increased by 5% to 57,326 as of June 30, 2025, with 56,760 active ATMs[8] Shareholder Information - The company anticipates adjusted EPS growth of 12% to 16% year-over-year for 2025, consistent with its long-term growth rates[15] - Share-based compensation increased to $13.8 million in Q2 2025 from $10.2 million in Q2 2024, which is a rise of about 35.3%[42] - The diluted weighted average shares outstanding decreased from 48,700,270 in Q2 2024 to 42,954,631 in Q2 2025, indicating a reduction of approximately 11.8%[41] Other Financial Metrics - Intangible asset amortization was $4.7 million in Q2 2025, down from $6.5 million in Q2 2024, a decrease of about 27.7%[41] - The foreign currency exchange loss for Q2 2025 was $5.7 million, compared to a gain of $1.5 million in Q2 2024, indicating a negative swing of $7.2 million[41] - The effect of adjusted EPS dilution from convertible notes was $(176,123) in Q2 2025, compared to $(2,781,818) in Q2 2024, showing a significant reduction in dilution impact[41] - Non-cash investment gain was $0.4 million in Q2 2025, included in other income, with no equivalent reported in Q2 2024[43] - Adjusted earnings and adjusted earnings per share are non-GAAP measures that should be considered in addition to net income and earnings per share computed in accordance with U.S. GAAP[44]