Euronet reports Q2 adjusted EPS $2.03, consensus $2.01

Reports Q2 revenue $939.1M, consensus $941.91M. “I am pleased that we delivered record second quarter revenue, adjusted operating income, adjusted EBITDA, and adjusted EPS with double-digit increases in operating income from each segment,” stated Michael Brown, Euronet’s chairman and CEO. “Money Transfer produced record second quarter results across all financial metrics, as well as nice margin expansion from continued growth in both physical and digital transactions and effective cost management. In EFT, we experienced a continued recovery of our most profitable transactions, and another strong quarter from our recently acquired point-of-sale (“POS”) card acquiring business. In epay, we continued to see strong growth in content sold through both physical and digital channels, together with a nice benefit from promotional activity in the quarter. These growth trends in each segment resulted in our ninth consecutive quarter of consolidated, constant currency double-digit adjusted EBITDA growth rates.”