Euronet Worldwide Inc Stock Price, News & Analysis

Euronet Worldwide (NASDAQ: EEFT) announced it will release its second quarter 2022 earnings results on July 28, 2022, prior to market opening. A conference call to discuss these results will take place at 9:00 a.m. ET on the same day. Participants can access the call via a webcast linked on the company's investor relations page. Euronet is a leading provider of financial technology solutions and has a global payment network with 49,521 ATMs and nearly 491,000 EFT POS terminals across 175 countries.

Euronet Worldwide (NASDAQ: EEFT) has significantly expanded its Renewal recurring billing solution to 14 countries, including Australia, the UAE, Germany, and Singapore. This digital payments service allows retailers to convert one-time transactions into subscription models, increasing revenue for brand partners. With over 760,000 point-of-sale terminals in 63 countries, Renewal provides a streamlined approach for brands and consumers alike. The company processed 3.12 billion transactions in 2021, showcasing its extensive reach and robust market presence.

Euronet Worldwide's Ria Money Transfer has partnered with Rebtel to integrate international money transfer services into Rebtel's platform, enhancing accessibility for customers to send money to over 170 countries. This partnership addresses the needs of the global migrant population, estimated at 280 million. With the remittance industry valued at over 600 billion dollars, the collaboration aims for growth in underserved markets. Rebtel plans to expand its services from the US to more regions, leveraging Euronet's Dandelion network.

Euronet Worldwide (NASDAQ: EEFT) reported Q1 2022 revenues of $718.5 million, up 10% from Q1 2021. Operating income reached $36.7 million, a significant 253% increase. Adjusted EBITDA rose to $79.5 million, reflecting a 52% growth. Net income was $8.2 million or $0.17 per share, compared to a net loss of ($8.7 million) last year. The company anticipates Q2 2022 adjusted EBITDA between $150 million to $160 million. Despite challenges from geopolitical events and inflation, Euronet maintains an optimistic outlook due to its diverse product portfolio.

Ria Money Transfer, a segment of Euronet Worldwide (NASDAQ: EEFT), announced an expanded partnership with Save the Children to support emergency appeals for Ukrainian children and long-term education initiatives in Mexico and the Philippines. Ria will utilize its global network of 500,000 locations for donation collection and fund programs like 'Words that Emerge' in Mexico, aiding over 2,000 children, and 'Safe Back to School' in the Philippines, benefiting nearly 9,000 displaced children. This collaboration aims to drive positive change in education and welfare post-COVID.

Euronet Worldwide (NASDAQ: EEFT) will announce its Q1 2022 earnings results on April 27, 2022, before the market opens. A conference call will follow at 9:00 a.m. ET to discuss the results. Interested participants can access the call through a webcast or by telephone. Notably, Euronet is a leading global provider of financial technology solutions, with extensive operations, including over 48,000 ATMs and 510,000 money transfer locations in 165 countries.

Epay, a segment of Euronet Worldwide (NASDAQ: EEFT), has integrated Alipay+ for in-store cross-border mobile payments at Müller drugstores in Europe. This integration connects Müller with over one billion Alipay+ users and offers access to Asia’s leading digital wallets. The solution enhances payment diversity, allowing retailers to adapt to changing consumer needs without significant costs. Epay's cash register integration enables retailers to offer various payment methods seamlessly.

Alipay+ is designed to improve customer satisfaction by offering preferred payment options, marking a significant step for Müller in addressing its international customer base.

Euronet Worldwide (NASDAQ: EEFT) has entered a strategic partnership with Marker Trax, gaining minority ownership in this fintech firm. Marker Trax is transforming the gaming industry with a digital casino marker system that enhances the user experience across casinos in North America, which are projected to generate over $100 billion in 2022. The partnership aims to leverage Euronet's REN payments platform to facilitate rapid adoption in over 150 casinos and improve operational efficiency. The Marker Trax solution streamlines casino markers into a cashless, regulatory-compliant digital option, increasing convenience and tracking capabilities.

Euronet Worldwide, Inc. (NASDAQ: EEFT) has completed its acquisition of the Piraeus Bank Merchant Acquiring (PBMA) business in Greece, which includes 205,000 POS terminals at 170,000 merchants. This acquisition grants Euronet significant market presence, covering 20% of in-store and 40% of online transactions in Greece. In a long-term partnership with Piraeus Bank, Euronet will enhance service capabilities using its REN payments platform while aiding the bank's operational needs. The Greek market is projected to see its merchant acquiring volume double by 2031, positioning Euronet for substantial growth.