Adyen N.V. (0YP5) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Welcome to Adyen's H1 2025 earnings call. My name is Isaac Lima, and together with my colleague Maggie O'Donnell, we cover investor relations here at Adyen. Today, I'll be facilitating a short discussion about our business progress and our financial results with our co-CEO, Ingo, and our CFO, Ethan. After that, Maggie will take over for a Q&A session. If you would like to ask a question, please use the raise hand functionality at the bottom of your screen. And when we call on you and unmute your line, please state your full name and the firm you represent before asking your question. With that, let's get started. Ingo, let's start a little bit broad. When you look back at 2025 as this first half of the year, what are your main takeaways? Well, thanks, Isaac, and thanks, everyone, for joining the call today. Yeah, when we look at 2025, our main objective was to increase the share of wallet with our customers and win new customer logos to our platform. And if we look at the execution of this, we are very happy with the results so far. We continue to increase the share of wallet in multiple verticals and geographies. And at the same time, that is the case for the logos that we have won both in the enterprise section as platforms. So that's very positive. We also had some negative impact of what's happening around us. So in the macro world, the strong euro or the weak dollar, however you look at it, impacted our results and the fact that the tariffs impacted some of our merchants. So specifically the merchants based in APAC that were trading into the US, they were impacted by this and this also had impact on our numbers. At the same time, it's also an opportunity for us, and that's also how we always look at new things that change around us that we can't...