Adyen N.V. (0YP5) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone. Welcome to Agents H2 2025 earnings call. My name is Isaac, and I'll be facilitating a short discussion on our business progress and financial results with our co-CEO, Ingo, and our CFO, Ethan. After that, my colleague, Maggie, will host the Q&A section. If you would like to ask questions, please use the raise hand functionality at the bottom of your screen. When we call on you and unmute your line, please remember to state your full name and the firm you represent before asking your questions. With that, let's get started. Now, Ingo, what are some of the highlights of the second half of the year, and how would you reflect on our execution and the momentum in the business right now? Yeah, thanks, Isaac. I look back at a very solid second half of the year, and if I look where we are in the execution of our long-term plans, I'm very pleased. And I would like to highlight a few things. So first of all, the continued growth with our existing merchants. Take Uber as an example that we also highlighted in our shareholder letter. They continue to grow with us and also launch new products like Kiosk. At the same time, we also launched with new customers like Starbucks, a company that we would love to work with for a long, long time. And we finally got on our platform, and I'm really pleased to see how they've rolled out very quickly with us in Europe. At the same time, we continue to invest also in new markets. If you think about the fact that we launched in Japan a few years ago, we're now seeing a lot of traction also with domestic merchants in Japan. That's a very important next phase of our growth there, because we always start with international merchants going into a country, and then the domestic phase is the next phase of our journey. And we ...