Euronet Worldwide Inc (NAS:EEFT)
$ 103.5 1.04 (1.02%) Market Cap: 4.55 Bil Enterprise Value: 4.60 Bil PE Ratio: 14.96 PB Ratio: 3.34 GF Score: 90/100
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Q3 2024 Euronet Worldwide Inc Earnings Call Transcript

Oct 24, 2024 / 01:00PM GMT
Release Date Price: $102.26 (+3.20%)

Key Points

Positve
  • Euronet Worldwide Inc (EEFT) delivered a record third quarter with revenue of $1.1 billion, operating income of $182 million, and adjusted EPS of $3.03.
  • The company achieved double-digit growth in its EFT segment, with operating income and adjusted EBITDA growth.
  • Money transfer segment saw a 10% revenue growth and a 30% increase in direct-to-consumer digital transactions.
  • Epay segment experienced double-digit revenue and transaction growth, driven by digital media and mobile growth.
  • Euronet Worldwide Inc (EEFT) continued to produce strong free cash flows, generating nearly $100 million in the third quarter.
Negative
  • Euronet Worldwide Inc (EEFT) missed the average analyst EPS estimate of $3.11, reporting $3.03.
  • The company noted a gradual earnings mix shift out of the third quarter, affecting quarterly earnings expectations.
  • Operating income and EBITDA growth in the epay segment were impacted by changes in product mix and inflationary pressures.
  • The company faced a decrease in intra-US money transfer transactions, offsetting some of the growth in cross-border transactions.
  • Despite strong performance, the company acknowledged that the use of cash is in a slow decline, impacting its traditional ATM business.
Editor

Please stand by for streaming text.

Operator

Good day and thank you for standing by. Welcome to the Euronet Worldwide third-quarter 2024 earnings call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, General Counsel, Adam Godderz. Please go ahead.

Adam Godderz
Euronet Worldwide Inc - General Counsel, Corporate Secretary

Thank you, and good morning, everyone, and welcome to Euronet's third-quarter 2024 earnings conference call today. On today's call, we have Mike Brown, our Chairman and CEO, as well as Rick Weller, our CFO.

Before we begin, I would like to call your attention to the forward-looking statements disclaimer on the second slide of the PowerPoint presentation we will be making today. Statements made on this call that concern Euronet's or management's intentions, expectations, or predictions of future performance are forward-looking statements.

Euronet's actual results may vary materially

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