Tom Adams’ Post

One of the most impressive things about my short-time at Adyen so far has been the unwavering commitment to a long-term strategy. When you state you plan to be the financial technology platform of choice for enterprise companies, there is significant & constant pressure to be steered by the latest trends in the market. In the face of this pressure, Adyen has intriguingly made (and stuck to) some unobvious choices compared to other players in the same space. This article by Andreu Mora, our SVP Engineering Data, breaks down not just 'what' we are doing but also the cultural philosophy that directs the 'why' behind our engineering efforts. It's a great articulation of what I've experienced so far: https://lnkd.in/dQt8CpTh

Why Adyen Executives Are Leaving While most are still refreshing their browsers for the news of Sam Altman and the OpenAI saga, this morning Plaid, with whom Adyen recently signed a major Partnership, announced that Adyen's Executive Brian Dammeir is joining them to build out their European division. An interesting time, considering that their stock has had to endure some huge swings in the last couple of weeks, and investors might not want another experience on the Stock Rollercoaster. But for those on the inside, the Exodus of Executives, who were crucial during the pivotal years at Adyen, doesn't come as a surprise. Let me explain why... A hidden truth, that very few people on the outside know about, is that there has been a huge resentment from Adyen employees, which has continued to spread throughout the years and still hasn't been addressed. Besides the "Early Fifty", the majority of capital gains made on their stock were made by VCs and Institutional Funds. So as "regular" employees worked long hours, evenings, and weekends, a lot of them realized that there was a Glass Ceiling, that they would never be able to get through. Not a Glass Ceiling as in most Enterprise corporations, which was based on title or length at the company, as Adyen didn't hold back from giving Executives titles such as President, Vice-President, and Country Leader, but one that was the unbreakable bond of being an early insider, a.k.a. "The Early Fifty". Throughout the years, Executives who got "Big Promotions" started out believing that they had a chance to be a part of the insiders. As Adyen, IPO'd and grew, most of them stuck around in the hopes of finally getting their shot, or just being compensated in the same way valuable employees get at the likes of Google or Meta. But they didn't. Most Adyen employees get paid a flat salary, and share-based payments, not comparable with Silicon Valley, and no seat at the table. One of the main reasons, why they are moving their US Development headquarters to Chicago, is because the expectations of employees in the Bay are totally out of line with those of Adyen's. But the main reason, which has been expressed to me, is that the Desire for Innovation seems to have disappeared. Something evident in the lack of New Product launches, and focus on Financials rather than Technology. That is why, Ex-Adyen Executives, including their original Founder and CTO, ex-COOs, Heads of Engineering, and Product Owners, are all setting up new Startups, or joining Scale-Ups, and are leveraging their experience to raise more capital than their peers, where they finally get a piece of the action, and can decide where their company should go. So the question remains, is this a natural progression in the line of a PayPal Maffia 2.0, or is this the beginning of a larger exodus? Let me know what you think... #payments #adyen Check out my newsletter for Payments Strategy Breakdowns https://buff.ly/3RXzt7Z

If you’re interviewing at Adyen, after reading about our Formula, your next go-to should be the Investor Relations section of our website. Even if you’re not going for a Finance role, past earnings calls and shareholder letters are a great way to deep dive into a company! As it so happens, we reported our FY2023 financial results last week… 👀 📈 Net revenue €1.6 bn, YOY growth 22% 📈 EBITDA margin 46% 📈 Over $1 tn in processed volume While the stock market responded positively, that's not our primary goal: 🚀 We build for the long run, investing in people, product and customers. 🚀 We continue on our strategy, focusing on our Digital, Unified Commerce and Platform pillars. 🚀 We continue to partner with the best customers, who care about growth and optimization. Full shareholders letter here: https://lnkd.in/gqNicds8 Give it a read, and use what you find to set yourself apart with a more interesting answer to the inevitable question of “why do you want to work for us?” - I love it when someone comes up with something new that I’ve never heard before! 

#Amsterdam’s fintech unicorn Adyen published its shareholder letter and financial statements for H1 2024. 📈 The letter dives into the company’s activities, financial performance, growth pillars, and more. 💼 Here are the key takeaways: https://lnkd.in/gVTViXka

Adyen’s H1 financials are out. Let’s break them down… 🔥We’re continuing to grow profitably and in line with our guidance. Net revenues for our first half came in at €913.4 mn / $1.1 bn. We’re up 24% year-over-year. 👊We’re seeing the power of building highly talented, lean teams that operate with speed (#AdyenFormula). In the first half, we brought on 37 net new hires bringing us to a total of 4,233 FTE. 🇺🇸🇨🇦 We’re continuing to invest in North America. With 30% yoy growth, it’s our fastest growing region. In H1, we brought in significant wins such as Scheels, Crate and Barrel, CB2 and Pet Supplies Plus. 💚 Our #UnifiedCommerce proposition helps hundreds of #enterprise businesses create #omnichannel experiences. To indicate the scale we’re at: we now have 457 thousand active terminals out in the market. 🚀Our #platform offering is attracting the biggest players in the ecosystem. We now have 22 platforms processing more than one billion. And we’re serving 104 thousand (!) sub merchants through our platforms offering. 🙌 A bulk of our growth continues to be fuelled by #digital customers looking for ease in operating at a global scale. Our recent launch of #Adyen #acquiring in India is a shining example of how we lower the threshhold for #enterprises to become truly global players. Read more here: https://lnkd.in/dTT9Wspq #adyen #engineeredforambition #growth

Investment Review day 27 of 50: Adyen $ADYEY Adyen is a fintech company that provides merchants with a single platform to accept e-commerce, mobile, and point-of-sale payments in multiple countries using nearly 300 different payment schemes and methodologies worldwide. Adyen's payment platform is ideal for large multinational enterprises, and its customers include some of the world’s most recognizable brands, including McDonalds, Facebook, Microsoft, Uber, Spotify, Netflix, H&M, Ebay, and Airbnb. The company's strategic focus on quality and customer service is a key driver of growth, with over 80% of new revenue coming from existing customers, as they realise that they can achieve the highest levels of payment authorisation with Adyen, minimising the revenue loss that can result from incorrectly declining a payment (while circa 97% of face-to-face payments are accepted, as an industry benchmark, up to 15% of online payments may typically be declined). I purchased stock twice in early 2023, and had the opportunity to add a third time in August when the valuation was hammered as a result of missed estimates in payment volume and revenue growth, and lower profitability as a result of increased hiring and upfront investments in infrastructure. Although the market was soured by the company's seemingly spiralling costs, I saw this as an investment in future growth made by a confident leadership team, and used the opportunity to 'dollar cost average' into my position. You really need to understand your investment thesis before you break the cardinal rule of 'watering your weeds' (!), but that third purchase is up over 75% as of today, showing that this strategy can work, when applied judiciously. -- I'm putting my holdings under the microscope. Over the next 50 days I'll break down my whole investment portfolio. Wins, losses, and the 'why' behind it all. And on day 50 I'm going to share my full portfolio so you can see how my strategies played out in the real world over the last twenty years and what we can all learn together. Follow along for the journey! #StockAnalysis #50daychallenge #fintech #wateringweeds #DCA #dollarcostaverage

Adyen delivered a period of profitable growth as the company finished its accelerated investment phase of growing its global team. 𝗟𝗲𝘁'𝘀 𝗱𝗶𝘃𝗲 𝗶𝗻𝘁𝗼 𝗔𝗱𝘆𝗲𝗻'𝘀 𝗛𝟮 𝟮𝟬𝟮𝟯 𝗞𝗲𝘆 𝗙𝗶𝗴𝘂𝗿𝗲𝘀: Processed volume was €544.1 billion, up 29% year-on-year. Of these volumes, total point-of-sale volumes were €92.9 billion, up 37% year-on-year. Net revenue was €887.0 million, up 23% year-on-year. EBITDA was €423.0 million, up 14% year-on-year, with EBITDA margin landing at 48%. This figure was primarily impacted by team growth, which tempered as the accelerated investment initiative came to a close. Free cash flow conversion ratio was 93%, with CapEx at 2% of net revenue. 𝗙𝘂𝗹𝗹-𝘆𝗲𝗮𝗿 𝟮𝟬𝟮𝟯 𝗳𝗶𝗴𝘂𝗿𝗲𝘀: Processed volume was €970.1 billion, up 26% year-on-year. Of these volumes, point-of-sale volumes were €159.9 billion, up 42% for the full year. Net revenue was €1,626.1 million, up 22% year-on-year. EBITDA of €743.0 million, up 2% year-on-year. EBITDA margin was 46% for the full year, compared to 55% in 2022. CapEx was 4% of net revenue for the full year, compared to 7% in 2022. Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]  #adyen #payments #paytech #digitalpayments #fintech #financialtechnology #fintechindustry #fintechnews 

🚀 Exciting News! Ventrata expands its partnership with Adyen! 🚀 We would like to announce the expansion of our partnership 🤝with Adyen, the financial technology platform of choice for leading businesses. This collaboration enhances the overall customer experience, bringing real-time data processing and unified payments to our global operations. Thanks to Adyen's tech-forward approach, visitors to iconic attractions like the Empire State Building can now enjoy a seamless ticket purchasing experience with options like Google Pay and Apple Pay, with additional fraud protection. This upgrade not only offers more convenience but also reduces checkout friction, leading to lower basket abandonment and higher conversion rates. "Our collaboration with Ventrata is a testament to the power of strategic partnerships in today's business landscape,” remarked Nicole Olbe, Managing Director UK&I at Adyen. “As we continue to elevate their global payment operations, our focus remains steadfast on delivering seamless and reliable service to customers worldwide - providing superior financial technology that supports business ambition." Join us as we revolutionise the booking experience and future-proof the needs of your customers! For details, follow the link in the comments. #partnership #innovation #traveltech #fintech #ticketing #payments Empire State Realty Trust

Adyen's shares soar after results beat forecasts Expanding existing customer relationships delivered a period of profitable growth Net Revenue was up 23% YOY, driven by continued growth across our existing customer base consistent with our underlying land-and-expand fundamentals. Across each pillar, a range of variables determine exact go-live and roll-out dates, underscoring why maintaining a long-term commercial view is core to our decision-making and continued to serve us this period. Growth is not always linear, as demonstrated across our commercial pillars. In the second half of H2, we significantly expanded our relationship with a single, existing Digital customer. Unified Commerce grew steadily despite inherent retail exposure. Platforms saw continued traction as the appetite for embedded payments further scaled Commercial ambitions were bolstered by iterative product innovation Throughout H2, we further invested in a range of new and existing functionalities, from alternative payment methods to platform automations and optimized routing. With many customers shifting focus to optimization this year, we helped them improve conversion rates, reduce fraud, and enable significant operational efficiencies. Though it will take time for the impact to be realized, we adapted our sales and account management strategies to better emphasize the total cost of ownership benefits Adyen brings. Hiring gradually slowed as the team reached its next intended scale We concluded our two-year accelerated investment period of significantly scaling our global team, which brought the company to its next level of maturity. EBITDA margin was 48%, reflecting our intentionally slowed hiring pace. We continued to prioritize hiring outside of Amsterdam across our tech and commercial domains. Subscribe for more https://lnkd.in/d94JgWBU Source Adyen #fintech #payments #adyen #earnings

Adyen last week published our 2023 financial results. 📈 Net revenue €1.6 bn, YOY growth 22% 📈 EBITDA margin 46% 📈 Over $1 tn in processed volume While the stock market responded positively, that's not our primary goal 🚀 We build for the long run, investing in people, product and customers. 🚀 We continue on our strategy, focusing on our Digital, Unified Commerce and Platform pillars 🚀 We continue to partner with the best customers, who care about growth and optimization