The subject is pretty straightforward. I work in fintech and created a payment processor so I am familiar with what's happening. How does this impact Stripe and PayPal (Braintree)? Stripe and Adyen (in my opinion) should be supplanting PayPal as a payment processor in the near future and I think interchange fees as a business model isn't that strong. Would love to see how you all are viewing this as it relates to the industry.
Adyen H1 2023 earnings are out:
- Net revenue €739.1 MN, up 21% YoY
- EBITDA €320.0 MN, down 10% YoY (43% margin)
- TPV: €426.0 BN, up 23% YoY
[link] [comments] https://www.reddit.com/r/stocks/comments/15tp1iz/adyen_stock_is_down_33_today_whats_happening/
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