Euronet Worldwide Inc. (EEFT) saw its shares soar 10.15% in the pre-market trading session on THURSDAY, following the company's impressive fourth-quarter results and optimistic outlook for 2025.
The global payment processing and cross-border transactions leader reported record financial results for the fourth quarter and full-year 2024, with earnings per share (EPS) and revenue exceeding analysts' expectations. The company's adjusted EPS for the fourth quarter came in at $2.08, surpassing the consensus estimate of $2.05. Revenue for the quarter stood at $1.05 billion, beating the expected $1.04 billion.
The strong performance was driven by robust growth across all three of Euronet's segments: EFT Processing, epay, and Money Transfer. The EFT Processing segment witnessed a 12% year-over-year increase in revenue and a 46% jump in operating income, fueled by international travel, merchant acquiring business growth, fee increase opportunities, and expansion into new markets. The epay segment saw an 8% revenue increase and a 10% rise in operating income, driven by continued expansion of digital branded payment and mobile sales. Meanwhile, the Money Transfer segment reported a 9% revenue growth and a 13% increase in operating income, thanks to strong growth in U.S.-outbound transactions, international-originated money transfers, and xe transactions.
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