By Adriano Marchese

Adyen NV said Wednesday that net revenue rose in the third quarter year-on-year, benefiting from higher processed volume.

The Dutch payments company said processed volume rose 26% to 77 billion euros ($90.98 billion) in the quarter, driving up net revenue to EUR169.4 million. This is a rise of 25% year-on-year, the company said.

Earnings before interest, taxes, depreciation and amortization also rose significantly to EUR101.2 million, or 24%, while Ebitda margin was 60%.

"We feel it's appropriate to also provide more color around the evolution of volumes for the third quarter, with some regions now back-to-business and others still experiencing stricter measures," Chief Executive Ingo Uytdehaage said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

October 28, 2020 13:34 ET (17:34 GMT)

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