Euronet Worldwide Misses Q2 Revenue and Earnings Estimates as Digital Growth Offsets Cross-Border Weakness

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โดย Yahoo Finance·Read original
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Euronet Worldwide reported second-quarter revenue of $1.11 billion, missing analyst estimates of $1.14 billion, while adjusted earnings per share of $2.82 came in 4% below expectations. Revenue rose 3.2% year on year, but the operating margin fell to 12.4% from 14.8% a year earlier. Management attributed the shortfall to macroeconomic headwinds in cross-border payments, particularly lower remittance volumes from the U.S. to Mexico, and softer European ATM activity tied to weaker travel demand. Digital accelerators, including Ria Digital, CoreCard, and Merchant Services, grew 31% year over year and now represent a larger share of overall revenue, helping to offset weakness in traditional business lines. The company also highlighted new partnerships such as Mastercard Move and a multi-year processing agreement with Unibanca in Peru, while remaining cautious about near-term macroeconomic uncertainty.

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Q2 revenue and EPS missed estimates, with operating margin down from 14.8% to 12.4%.