Shares in Adyen tumbled on Thursday after the Dutch payments processor reduced its annual revenue forecast, citing the effects of US tariffs.
Adyen reported a 20% increase in half-year net revenue to €1.09 billion, falling short of market expectations. The company’s EBITDA for the half was €543.7 million, also below forecasts. A previously anticipated slight acceleration in net revenue growth now seems “unlikely.”
In morning trading, shares of the Dutch giant dropped more than 20% but recovered to around a 9% decline by 14:00 BST. Adyen attributed the disappointing numbers to an “increasingly uncertain” macroeconomic environment, along with US tariffs and a weaker dollar impacting its customers, particularly online retailers based in the Asia-Pacific region.