Euronet beats top-line and bottom-line estimates; initiates FY24 outlook

  • Euronet press release (NASDAQ:EEFT): Q4 Non-GAAP EPS of $1.88 beats by $0.12.
  • Revenue of $957.7M (+10.6% Y/Y) beats by $12.99M.
  • Adjusted EBITDA of $147.6 million, a 16% increase from $127.0 million (14% increase on a constant currency basis).
  • Euronet’s cash and cash equivalents were $1,254.2 million and ATM cash was $525.2 million, totaling $1,779.4 million as of December 31, 2023, and availability under its revolving credit facilities was approximately $661.2 million.
  • Outlook: Taking into consideration recent trends in the business and the global economy, the company anticipates its 2024 adjusted EPS will grow 10% to 15% year-over-year, consistent with its 10 and 20 year compounded annualized growth rates.

William Murphy

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