Adyen’s Net Revenue Climbs 47% YoY in H2 2021

The Amsterdam-headquartered international payments platform, Adyen recently announced its financial results for the second half of 2021. For the reported period, the company posted net revenue of €556.5 million, which is up 47% YoY.

As far as processed volume is concerned, the figure climbed by 72% YoY to €300 billion in H2 of 2021. EBITDA came in at €357.3 million, which is 51% higher compared to the same period last year.

“EBITDA margin was 64% as a result of strong net revenue growth paired with the operational scalability of the Adyen platform. Free cash flow conversion ratio was 90%, with CapEx at 6% of net revenue driven by investments in our new headquarters in Amsterdam,” Adyen highlighted.

For the full year 2021, Adyen’s processed volume reached €516 billion, which is up 70% YoY. In terms of net revenue in 2021, the figure touched €1 billion. EBITDA climbed 57% YoY to €630 million.

With offices in different locations around the world, the firm serves a wide range of customers, including Uber and Spotify.

Tech Hubs

Today, Adyen announced that it will open new technology hubs in Chicago and Madrid. According to the company, the recent initiative will expand its global footprint.

"We are thrilled to be expanding our tech presence to these cities," said Alexander Matthey, the CTO at Adyen. "We are committed to continuing our investments in the company's growth ambitions, and this move is an important step in this direction. We have big plans to continue to build the world's most customer-centric payments platform, and our technical teams are at the heart of it."

Adyen is planning to hire back-end software engineers, front-end software engineers, data scientists and infrastructure engineers for the newly announced tech hubs. "We're looking forward to hiring in these two cities as we scale the team around the world," said Brooke Nayden, the Global Head of HR at Adyen.