Euronet Worldwide Reports First Quarter 2025 Financial Results - Highlighted by 18% Operating Income Growth

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 $915.5 million, a 7% increase from $857.0 million, with a 9% increase on a constant currency basis [8]. - Operating income was $75.2 million, an 18% increase from $64.0 million, translating to a 22% increase on a constant currency basis [8]. - Adjusted EBITDA was $118.7 million, a 9% increase from $108.8 million, with a 12% increase on a constant currency basis [8]. - Net income attributable to Euronet was $38.4 million, or $0.85 diluted earnings per share, compared to $26.2 million, or $0.55 diluted earnings per share [8]. 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 [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 $59.6 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 $1,278.8 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].