Worldpay is just a collection of payment M&A deals in a trench coat. Lots of management changes at major payment companies. Braintree and Venmo show up, again, as the main growth drivers for PayPal.
Do you think WorldPay had a vision to consolidate all these acquisitions into one technical infrastructure? If so, what caused each technology/service to remain so independent under the hood?
I can only speculate but I imagine they had a plan. A former Worldpay employee I spoke to said that Vantiv was always good as consolidating the backend (i.e. settlement) but the front ends have remained separate.
Basically, investors were unimpressed by 52% EBITDA margins, which were lower than guidance of 60%. Capex up due to investments in data centers. Opex up due to increased headcount.
Do you think WorldPay had a vision to consolidate all these acquisitions into one technical infrastructure? If so, what caused each technology/service to remain so independent under the hood?
I can only speculate but I imagine they had a plan. A former Worldpay employee I spoke to said that Vantiv was always good as consolidating the backend (i.e. settlement) but the front ends have remained separate.
Any good commentary out there on why Adyen's stock got hit after these earnings? https://twitter.com/jkwade/status/1623363821053087762?s=20
Basically, investors were unimpressed by 52% EBITDA margins, which were lower than guidance of 60%. Capex up due to investments in data centers. Opex up due to increased headcount.
https://www.bloomberg.com/news/articles/2023-02-08/adyen-elevates-finance-chief-ingo-uytdehaage-to-co-ceo-position
https://www.reuters.com/article/adyen-results/update-3-adyen-shares-fall-15-after-second-half-earnings-miss-idUSL1N34O0DW
Thanks! New subscriber here. Loving the content.
Thanks for reading!