Adyen, the Dutch payment technology provider, has seen its earnings increase amid the pandemic.
In Brief:
Full-year earnings for 2020 were up 27% from the previous year.
Share prices rose 10% when this was announced on Wednesday.
This was higher than the expectations of analysts.
What does this mean?
The firm has managed to not only stay resilient during a turbulent year, but has been able to take advantage in the rise of digital and online payments.
It’s seen particular uptake in the North American market, which saw a 70% net increase in revenue and has become 20% of the company’s total net revenue in the second half of 2020.
