Q3 2025 Euronet Worldwide Inc Earnings Call Transcript
Key Points
- Euronet Worldwide Inc (EEFT) delivered a solid third quarter with adjusted earnings per share growth of 19% year over year.
- The EFT segment showed resilience with a 5% revenue growth, driven by expansion in developing markets such as Morocco, Egypt, and the Philippines.
- The merchant services business in Greece achieved its strongest quarter since the 2002 acquisition, with operating income up 33% year over year.
- Euronet Worldwide Inc (EEFT) signed a major new partnership with Citigroup, enhancing its Dandelion platform's position as the world's largest real-time cross-border payment network.
- The company completed a $1 billion convertible bond offering, strengthening its financial flexibility for future growth opportunities.
- Revenue growth was below expectations due to macroeconomic factors and policy decisions surrounding immigration.
- The ePay segment experienced a 5% revenue decline, attributed to the discontinuation of a high-volume, low-value product.
- Money transfer revenue grew only 1% year over year, with operating income and adjusted EBITDA decreasing by 2% and 1%, respectively.
- Global economic uncertainty and immigration policy changes have negatively impacted transaction volumes, particularly in the US-Mexico corridor.
- The company faced challenges in certain corridors, such as Bangladesh and Turkey, due to immigration actions and economic pressures.
Thank you. Good Good morning everyone. Welcome to Erit's 3rd quarter 2025 earnings conference call. On the call today, we have Mike Brown, our Chairman and CEO, as well as Rick Weller, our CFO. Before we begin, I need to call your attention to the forward-looking statements disclaimer on the second slide of the PowerPoint presentation we will be making today.
Statements made on this call that concern Euroets or its management intentions, expectations, or predictions of further performance are forward-looking statements. Euronet's actual results may vary materially from those anticipated in these forward-looking statements, number of factors that are listed on the second slide of our presentation.
In addition, the PowerPoint presentation includes a reconciliation of the non-GAAP financial measures we'll be using during the call to the most comparable GAAP measures. Now, I'll turn the call over to.
Our CFO.
Rick Weller.
Thank you, Adam,
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