Adyen Abandons Midterm Profitability Target as Investment Rises
J.P. Morgan analysts say Adyen’s third-quarter revenue beat expectations, but the payments company’s decision to abandon its midterm profitability target is likely to overshadow the result.
Adyen's third-quarter revenue beat expectations, but this is likely to be overshadowed by the Dutch payments company's decision to abandon its midterm profitability target due to higher investment, J.P. Morgan analysts say in a research note. "The margin guidance is likely to disappoint the market…