Euronet Worldwide Reports Third Quarter 2025 Financial Results

Core Insights - Euronet reported third quarter 2025 financial results, showing a commitment to innovation and global expansion, with a focus on digital transformation and stablecoin technology [4][6] - The company anticipates adjusted earnings per share growth of 12% to 16% year-over-year, consistent with long-term growth rates [17] Financial Performance - Revenues reached $1,145.7 million, a 4% increase from $1,099.3 million, with a 1% increase on a constant currency basis [7] - Operating income was $195.0 million, a 7% increase from $182.2 million, with a 2% increase on a constant currency basis [7] - Adjusted EBITDA grew to $244.6 million, an 8% increase from $225.7 million, with a 4% increase on a constant currency basis [7] - Net income attributable to Euronet was $122.0 million, or $2.75 diluted earnings per share, compared to $151.5 million, or $3.21 diluted earnings per share [7] Segment Results - The EFT Processing Segment reported revenue of $409.4 million, a 10% increase from $373.0 million, driven by banking services and merchant acquisitions [8] - The Money Transfer Segment experienced revenue growth through digital transformation and strategic partnerships, maintaining strong momentum despite economic pressures [10] - The epay Segment's revenue decline was primarily due to the discontinuation of a mobile activation product in the U.S., with continued growth in payments and branded content distribution [9] Strategic Developments - Euronet signed a strategic agreement with Fireblocks to support stablecoin technology and a Dandelion agreement with Citigroup to enhance cross-border instant payment offerings [6] - The company completed a $1 billion convertible debt offering to enhance financial flexibility [6] Balance Sheet and Financial Position - Unrestricted cash and cash equivalents were $1,172.5 million as of September 30, 2025, down from $1,329.3 million as of June 30, 2025 [12] - Total indebtedness decreased to $2,305.3 million as of September 30, 2025, from $2,438.1 million as of June 30, 2025 [12] Outlook - The company expects revenues of $286.5 million for the upcoming quarter, a 1% decrease from the previous year, with operating income projected at $31.0 million, a 7% increase [15]