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ADYEN — Adyen News Story

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Adyen plunges on weaker volumes and underwhelming outlook despite 'largely ok' results

** Dutch fintech Adyen ADYEN.AS shares sink as much as 20% as weaker processed volumes and an underwhelming 20206 outlook overshadow its decent revenue growth and results

** The company's second half net revenue grew 21%, while its processed payments volume rose 19% to 745 billion euros  ($885.36 billion) but missed market expectations of 771 billion euros

** KBC Securities noted that a higher rate on processed payments and controlled expenses cushioned revenue from volume softness

** "Although results today and next year's outlook is largely ok, this might not be enough the turn around the very negative sentiment on the payment sector we have seen recently," the broker said

       ** Share is on track for its worst performance since April 2024, if losses hold

($1 = 0.8415 euros)

 (Reporting by Leo Marchandon in Gdansk)

 ((leo.marchandon@thomsonreuters.com))

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