Adyen Reports Q1 2020 Results, Including 34% Increase in Revenues

Adyen reported their first quarter results today, giving us a sense of the impact of COVID-19 on the payments space; Revenues were $146.9 million, up 34% from the prior year period; while transaction volume increased 38% over the same time period, CFO Ingo Uytdehaage noted that volumes have declined over the last four weeks as the globe has been largely shut down; not surprisingly they have seen huge pickup in online retail volume which made up for declining retail payments. CNBC

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