The Adyen logo is seen at the reception desk of the company’s headquarters in Amsterdam, Netherlands August 24, 2018. Picture taken August 24, 2018. REUTERS
May 6 (Reuters) – Adyen the Dutch company that processes payments for Uber and eBay, met first-quarter revenue expectations on Wednesday, as it continued to process a higher volume of transactions despite slower consumer spending activity.
Net revenue in the quarter ended in March grew 20% on a constant currency basis, reaching 620.8 million euros ($728.3 million). Analysts expected on average revenue of 621.3 million euros with 20% growth, according to consensus data provided by the company.
Processed volume, the value of all payments processed, rose to 382 billion euros, up 13% from last year, and above the forecast of 374 billion euros.
($1 = 0.8524 euros)
Reporting by Gianluca Lo Nostro;
