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Euronet Worldwide Q2 Earnings Call Highlights
['Trevor Kearing']
Daily Political
CFO Rick Weller said Euronet generated $1.1 billion in revenue, $137 million in operating income and $193 million in adjusted EBITDA during the quarter.
Excluding those items, operating income would have declined 9%, largely because of lower cross-border payments volume.
Excluding CoreCard-related purchase accounting amortization, operating income would have increased 7%, Weller said.
Cross-Border Payments Face Remittance PressureCross-border payments revenue declined 5%, while operating income and adjusted EBITDA fell 35% and 32%, respectively.
About Euronet Worldwide (NASDAQ:EEFT)Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing.