Welcome to our dedicated page for Euronet Worldwide news (Ticker: EEFT), a resource for investors and traders seeking the latest updates and insights on Euronet Worldwide stock.
Euronet Worldwide Inc (EEFT) delivers secure electronic payment solutions through its global ATM networks, money transfer services, and prepaid processing platforms. This dedicated news hub provides investors and financial professionals with timely updates on corporate developments shaping the electronic transactions industry.
Access comprehensive coverage of Euronet's strategic initiatives, including financial results, technology innovations, and market expansions. Our curated news collection features official press releases on ATM network growth, cross-border payment solutions, and partnerships with financial institutions worldwide.
Key updates include developments in Euronet's three core segments: EFT Processing infrastructure enhancements, epay digital payment advancements, and Money Transfer service optimizations. Stay informed about regulatory changes, operational milestones, and industry leadership in secure transaction processing.
Bookmark this page for direct access to Euronet's latest announcements. Monitor how the company maintains its position as a critical infrastructure provider in global financial technology through transparent, investor-focused communications.
Ria Money Transfer, a subsidiary of Euronet Worldwide (NASDAQ: EEFT), has extended its sponsorship deal with Atlético de Madrid from 4 to 5 years. This partnership allows Ria to maintain its branding on the club's shirt until 2024, enhancing its global brand visibility. Ria aims to strengthen connections with Atlético's fanbase and promote financial inclusion through its remittance services. Celebrating this continuation, Ria will release a short film featuring Atlético players, highlighting the importance of sending money home. Ria's services play a crucial role in supporting families globally.
Euronet Worldwide reports Q4 2020 revenues of $706.6 million, a 2% increase year-over-year, but full-year revenues fell 10% to $2.48 billion. Operating income dropped 53% in Q4 to $50.2 million and 90% for the year to $46.6 million. Adjusted EBITDA for Q4 was $91.9 million, a 35% decline, with net income falling to $70.2 million or $1.31 per share, down from $106.5 million or $1.91 the previous year. Despite challenges from COVID-19, segments like Money Transfer and epay showed revenue growth. The company holds $1.83 billion in cash and aims for Q1 2021 adjusted EBITDA of $50-$60 million.
On February 8, 2021, Euronet Worldwide (NASDAQ: EEFT) announced agreements with eight banks in Spain, including Bankinter and Grupo Cajamar, to join its ATM Network Participation Program. This initiative allows these banks’ customers to access Euronet’s extensive ATM network, enhancing customer reach without capital expenditures. The program underscores Euronet's strategy of expanding its ATM network and providing banks with operational efficiency through its REV Payments Cloud. This development signifies a commitment to modernizing payment solutions and improving consumer access to cash services across Spain.
Euronet Worldwide (NASDAQ: EEFT) reported that its ATM screens helped locate eight missing persons in 2020 through active alerts. This initiative, in collaboration with AMBER Alert Europe, began in the Netherlands and expanded to four European countries, notably Spain, where 87 alerts generated 458 calls to authorities. The program sparked significant public interest, leading to over 100 million interactions across media platforms. Euronet aims to extend this collaboration further, enhancing community support through its extensive ATM network.
Euronet Worldwide (EEFT) will announce its fourth quarter and full year 2020 earnings results on February 10, 2021, before the market opens. A conference call is scheduled for the same day at 9:00 a.m. ET to discuss these results. The call will be accessible through a webcast and by telephone. As a leading financial technology provider, Euronet offers various payment and transaction processing solutions globally, managing 43,956 ATMs and 324,000 EFT POS terminals across 61 countries. More details can be found on their website.
Euronet Worldwide has announced the acquisition of Bank of Ireland's non-branch ATM fleet, comprising 700 ATMs, which will transfer ownership on February 28, 2021. This move is part of Euronet's strategy to consolidate ATM networks to enhance operational efficiency and expand service offerings. The acquired ATMs will be integrated into Euronet's existing network and upgraded with advanced technology, enabling new functionalities like cash deposits and contactless transactions. The initiative aims to provide seamless service continuity and increase customer reach in Ireland.
Ria Money Transfer has announced a partnership with Compania Națională “Poșta Română” S.A., Romania’s national postal service, significantly enhancing its cross-border remittance services. This collaboration nearly doubles Ria’s network in Romania, adding 1,200 post offices and potential access to over 5,500 locations. The move aims to provide cost-effective, rapid money transfer solutions, catering to the large Romanian diaspora and expanding Ria’s customer reach. The partnership is expected to bolster market growth and inclusivity in financial services.
Euronet India Services has successfully migrated Cosmos Bank to its REN™ Ecosystem, enhancing the bank's payment processing capabilities. This partnership supports Cosmos Bank's digital growth strategy, leveraging cloud-based solutions for card and real-time account payments. Euronet's platform integrates seamlessly with the bank's systems, facilitating interoperability and efficient payment management. Notably, the project was completed on time despite pandemic challenges, affirming Euronet's position as a trusted partner for banks in India.
Euronet USA, a division of Euronet Worldwide (NASDAQ: EEFT), has launched the REN™ Foundation solution for Banco de Moçambique via Sociedade Interbancária de Moçambique (SIMO). This initiative modernizes Mozambique's national payment network, enhancing SIMO's ability to provide innovative payment solutions. The REN™ Foundation includes services like mobile top-ups and digital wallets, supporting various transaction methods. Despite challenges posed by the pandemic, Euronet successfully met its 2020 launch objectives, showcasing its remote project management capabilities.
Euronet Worldwide reported its third quarter 2020 results, showing revenues of $664.4 million, a 16% decrease from $787.0 million in Q3 2019. Operating income fell by 66% to $66.1 million. Adjusted EBITDA was $105.0 million, down 54%. Euronet's net income dropped to $40.2 million, or $0.76 per share, a 71% decline year-over-year. Despite challenges, the company saw gains in its epay and Money Transfer segments, which achieved double-digit growth, driven by digital transactions. Euronet remains financially solid with $1.4 billion in available cash and no significant debt maturities for about four and a half years.