Adyen N.V. (0YP5) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

good afternoon everyone and thanks for joining audience q3 2025 business update call my name is maggie o'donnell and i'm part of the investor relations team and i'm happy to be joined today by ethan our cfo in today's call we'll discuss audience financial and business updates from the quarter followed by a q a segment As this session will be slightly shorter than our half-yearly earnings presentation, we ask you to keep your questions to one per person so that we can respond to as many of you as possible. When submitting your questions, please use the raised hand functionality on the bottom of your screen. With that, let's get started. Ethan, what were your key takeaways from this quarter? Sure. Thanks, Maggie. In the third quarter, we delivered strong revenue growth of 23% year over year on a constant currency basis. We're continuing to see diversified growth across pillars as we expand share of wallet with our existing base. This quarter was especially characterized by consistent growth across regions and was also supported by the timing of settlements during the quarter as compared to last year. This quarter, our team grew by 86 FTEs, primarily in commercial roles in North America and in tech roles across our tech hubs. Overall, it was a strong quarter in line with our expectations. Great. Thanks, Ethan. Can you also just give us an update on the performance across pillars? Yes, happy to. I'll start with digital. Digital net revenue was up 10% year over year, driven by continued momentum in the content and subscriptions and delivery and mobility verticals. We continue to see a headwind from APAC headquartered merchants focused on online retail, but noted a slight improvement throughout the quarter. As we turn to unified commerce, we see that net revenue for the pi...