Dutch fintech giant AdyenV faced a brutal selloff, with shares crashing nearly 20% to €1,212.6 after slashing its 2024 growth outlook due to geopolitical tensions. The company cited weakened transaction volumes from Asia-Pacific online retailers, spooked by U.S. tariff threats, as the primary driver. First-half revenue grew 20% to €1.1 billion but missed expectations, while payment volume stagnated at 5% growth—far below historical trends. Analysts expressed sharp divisions, with some viewing the dip as a buying opportunity and others warning of prolonged pressure.
Profitability Holds Amid Turmoil
Despite the growth setback, AdyenV maintained strong operational metrics: net profit rose 17% to €481 million, with EBITDA margins expanding to 50%. Management reaffirmed long-term targets of 20–30% revenue growth by 2026 but acknowledged near-term headwinds. Technical charts show the stock testing April lows, with bears dominating sentiment. Investors now await clearer signals of a rebound, particularly in Asian markets, to justify a recovery.