Euronet Worldwide Clocks 15% Revenue Growth In Q4 Backed By EFT Recovery

Euronet Worldwide Inc EEFT reported fourth-quarter FY21 sales growth of 15% year-on-year to $811.5 million, beating the consensus of $809.4 million.
Revenues from the EFT processing segment climbed 63% Y/Y, the epay segment rose 4%, and the Money Transfer Segment segment recorded an 10% increase.
The adjusted operating income for the quarter rose 33% Y/Y to $67.6 million.
Euronet's cash and cash equivalents were $1.26 billion, and ATM cash was $543.4 million, totaling $1.803 billion as of December 31.
Adjusted EBITDA of $112.9 million rose 23% Y/Y.
Adjusted EPS of $1.15 missed the consensus of $1.30.
"The EFT segment continued its recovery early in the fourth quarter as more travel restrictions were lifted; however, we began to see lighter transactions in the second half of the quarter as the Omicron variant spread across the globe," stated Michael J. Brown.
"We also continued to see growth in epay and Money Transfer from our leading physical and digital distribution networks."
Price Action: EEFT shares closed higher by 3.8% at $143.83 on Wednesday.

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