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Euronet Worldwide Reports First Quarter 2025 Financial Results - Highlighted by 18% Operating Income Growth
EEFTEuronet Worldwide(EEFT) Newsfilter·2025-04-24 03:28

Core Insights - Euronet Worldwide, Inc. reported strong financial results for the first quarter of 2025, achieving double-digit constant currency growth in adjusted operating income and adjusted EBITDA, with an 18% increase in adjusted operating income compared to the previous year [4][5]. Financial Performance - Total revenues reached 915.5million,a7915.5 million, a 7% increase from 857.0 million, with a 9% increase on a constant currency basis [8]. - Operating income was 75.2million,an1875.2 million, an 18% increase from 64.0 million, translating to a 22% increase on a constant currency basis [8]. - Adjusted EBITDA was 118.7million,a9118.7 million, a 9% increase from 108.8 million, with a 12% increase on a constant currency basis [8]. - Net income attributable to Euronet was 38.4million,or38.4 million, or 0.85 diluted earnings per share, compared to 26.2million,or26.2 million, or 0.55 diluted earnings per share [8]. Segment Performance - The EFT Processing Segment reported revenues of 232.5million,a7232.5 million, a 7% increase from 217.2 million, with a 10% increase on a constant currency basis [9]. - The Money Transfer Segment experienced constant currency revenue growth driven by double-digit growth in cross-border transactions, with direct-to-consumer digital transactions growing by 31% [11]. - The epay Segment's revenue growth was supported by continued payments and digital media growth, although operating income growth was impacted by a one-time tax resolution payment [10]. Operational Highlights - Euronet expanded its cross-border payments network and launched operations in the Dominican Republic and Peru [10]. - The company operated 55,512 ATMs as of March 31, 2025, a 5% increase from the previous year [9]. - The company repurchased 0.6 million shares for 59.6millionduringthefirstquarter,whichisexpectedtoimprovefutureearningspershareby159.6 million during the first quarter, which is expected to improve future earnings per share by 1% [16]. Balance Sheet and Financial Position - Unrestricted cash and cash equivalents were 1,393.6 million as of March 31, 2025, up from 1,278.8millionattheendof2024[13].Totalindebtednessincreasedto1,278.8 million at the end of 2024 [13]. - Total indebtedness increased to 2,202.5 million as of March 31, 2025, compared to $1,949.8 million at the end of 2024 [13].