Euronet posts new high in Q2 2024 amidst a cutthroat market competition
In a recent industry-leading newsletter, author Joe Baker delves into the financial performance of Euronet Worldwide in Q2 2024. The article, accessible through a free account, provides extensive research and analysis on cross-border payments globally.
Euronet's Q2 2024 revenues reached a record $986.2 million, marking a 5% increase compared to the same quarter last year. The company's adjusted EBITDA for Q2 2024 was $178.2 million, a 7% increase from Q2 2023's $165.8 million. This growth resulted in an adjusted EBITDA margin of 18%.
While the article does not provide any new information about Euronet's earnings per share (EPS) growth for FY 2024, executives have expressed confidence in a double-digit EPS growth continuing into the fiscal year. Analysts expect Euronet Worldwide to post around $9.11 EPS for the full fiscal year 2024.
It's worth noting that Euronet's share price fell by as much as 7% on the day Q2 2024 results were released. However, the article does not offer any specific guidance for Euronet's revenue and EBITDA for the rest of 2024.
Money transfers accounted for 43% of Euronet's Q2 2024 revenues, totaling $421.8 million. The company's digital payment initiatives have been a significant contributor to its sustained growth, upholding a 20-year track record of double-digit growth.
As Euronet Worldwide continues to focus on digital payments and strong operational performance, investors and analysts will be closely watching the company's financial performance in the coming quarters. Access to this information, along with the insightful analysis provided by Joe Baker's newsletter, makes it an invaluable resource for those interested in the cross-border payments industry.
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Increasing revenues and Adjusted EBITDA in the Q2 2024 financial report suggest a positive business trend for Euronet Worldwide, indicating potential for profit in the investing sphere. As Euronet Worldwide continues focusing on digital payments and strong operational performance, its financial performance will be closely monitored by both investors and industry analysts.
