Record First Quarter Results: Revenue, Operating Income and Adjusted EBITDA

Artistic representation for Record First Quarter Results: Revenue, Operating Income and Adjusted EBITDA

Euronet Worldwide, Inc., a leading global financial technology solutions and payments provider, has reported its first quarter 2025 financial results. The company’s revenue, operating income, and adjusted EBITDA have all increased significantly compared to the same period in 2024.

Key Highlights

• Revenue of $915.5 million, a 7% increase from $857.0 million in the same period last year. • Operating income of $75.2 million, an 18% increase from $64.0 million in the same period last year. • Adjusted EBITDA of $118.7 million, a 9% increase from $108.8 million in the same period last year.

Segment and Other Results

  • EFT Processing Segment: Revenues of $232.5 million, a 7% increase from $217.2 million in the same period last year.
  • epay Segment: Revenues of $267.4 million, a 4% increase from $257.1 million in the same period last year.
  • Money Transfer Segment: Revenues of $417.7 million, a 9% increase from $384.6 million in the same period last year.

Financial Performance

Euronet Worldwide reported a revenue increase of 7% to $915.5 million, driven by market expansion, growth across most existing markets, and the addition of access fees and interchange fees in certain markets. The company’s operating income increased by 18% to $75.2 million, with adjusted operating income also rising by 18% to $75.2 million.

Adjusted EBITDA and Net Income

Adjusted EBITDA increased by 9% to $118.7 million, while net income attributable to Euronet Worldwide, Inc. increased by 46% to $38.4 million.

Operational Highlights

• 55,512 installed ATMs as of March 31, 2025, a 5% increase from 53,029. • 1,214,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services under management in 69 countries. • A prepaid processing network of approximately 735,000 POS terminals at approximately 358,000 retailer locations in 64 countries. • A global money transfer network of approximately 624,000 locations serving – countries and territories. Corporate and Other
• Corporate and Other expenses of $20.0 million for the first quarter 2025, a decrease of $1.3 million compared to the same period in 2024. Balance Sheet and Financial Position
• Unrestricted cash and cash equivalents of $1,393.6 million as of March 31, 2025, a decrease of $114.8 million compared to December 31, 2024. • Total indebtedness of $2,202.5 million as of March 31, 2025, an increase of $252.7 million compared to December 31, 2024. • Availability under the Company’s revolving credit facilities of approximately $623.1 million as of March 31, 2025. Definitions

Adjusted Operating Income
Operating income excluding non-cash purchase accounting adjustments.

Adjusted EBITDA
Net income excluding, to the extent incurred in the period, interest expense, income tax expense, depreciation, amortization, share-based compensation and other non-cash purchase accounting adjustment, non-operating or non-recurring items that are considered expenses or income under U.S. GAAP.

Constant Currency Financial Measures
Computed as if foreign currency exchange rates did not change from the prior period.
Conference Call and Slide Presentation Euronet Worldwide will host an analyst conference call on April 24, 2025, at 9:00 a.m. Eastern Time to discuss these results. The call may also include discussion of Company developments on the operations, forward-looking information, and other material information about business and financial matters. About Euronet Worldwide, Inc. Euronet Worldwide, Inc. is a leading global financial technology solutions and payments provider. The company has developed an extensive global payments network that includes 55,512 installed ATMs, approximately 1,214,000 EFT POS terminals, and a growing portfolio of outsourced debit and credit card services under management in 69 countries. Financial Highlights
Financial Highlights 2025 2024
Revenues $915.5 million $857.0 million
Operating Income $75.2 million $64.0 million
Adjusted EBITDA $118.7 million $108.8 million
Net Income $38.4 million $26.2 million
Quote from Michael J. Brown, Euronet’s Chairman and Chief Executive Officer “I am pleased that we achieved double-digit constant currency growth in adjusted operating income and adjusted EBITDA, highlighted by an 18% increase in adjusted operating income over the prior year. All segments contributed to the strong earnings.”
Euronet Worldwide has reported a strong first quarter 2025, with revenue, operating income, and adjusted EBITDA all increasing significantly compared to the same period in 2024. The company’s operational highlights include 55,512 installed ATMs, 1,214,000 EFT POS terminals, and a growing portfolio of outsourced debit and credit card services under management in 69 countries. The company’s financial performance is driven by market expansion, growth across most existing markets, and the addition of access fees and interchange fees in certain markets. Euronet Worldwide has also expanded its industry-leading global payments network to now reach 4.0 billion bank accounts, 3.2 billion wallet accounts, and 624,000 payment locations. Euronet Worldwide will host an analyst conference call on April 24, 2025, at 9:00 a.m.

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