ProArtWork/E+ via Getty Images Introduction Adyen (OTCPK:ADYEY) has been on my watchlist for a couple of years now, but I’ve never really looked into the company for one reason and one reason only: overvaluation. The stock has always traded at a large premium which is why I avoided it entirely. However, due to recent events,…
Adyen published its slowest growth for a half-year since 2018 and lost $20 billion of its market valuation as shares also fell 39%. Shares of Dutch payment company Adyen crashed 39% on Thursday causing the company’s market capitalization to plunge by 18 billion euros ($20 billion). Adyen had just published figures for the first half…
Adyen N.V. (OTCPK:ADYEY) Q2 2023 Earnings Conference Call August 17, 2023 9:00 AM ET Company Participants Sanne Minnema – IR Steven van Bommel – Head of IR Pieter van der Does – Co-Founder and Co-CEO Ethan Tandowsky – CFO Conference Call Participants Mohammed Moawalla – Goldman Sachs Adam Wood – Morgan Stanley James Goodman –…
The European payments giant attributed its poor performance to various factors. European payments powerhouse Adyen NV (AMS: ADYEN) witnessed a significant drop of nearly 28% in its shares earlier in the day following the release of its first-half 2023 performance results. The company, often seen as a strong competitor to the US payment giant Stripe,…