Adyen reports 1H EBITDA EUR 320M vs. EUR 356.3M last year

Reports 1H revenue rose 21% to EUR 739.1M vs. EUR 608,5M last year. EBITDA was EUR 320M in H1 2023, down 10% from EUR 356.3M in H1 2022. This figure was primarily impacted by increased wages and salaries stemming from our investments into growing our global team. This period, inventory write-offs had a EUR 6.3 million negative impact on EBITDA. EBITDA margin was 43% in H1 2023, compared to 59% in H1 2022. We are confident in the long-term benefits of building our team at an accelerated pace, and consciously embrace its short-term impact.